Definition, Meaning & Synonyms
reciprocal-agreement
noun
/rɪˈsɪprəkl əˈɡriːmənt/
Definition
A mutual arrangement between two parties where they agree to provide each other with specific benefits or services.
Examples
- Two countries signed a reciprocal agreement that allows easier trade between them.
- Under the reciprocal agreement, both universities will accept students from each other’s programs.
Meaning
Reciprocal agreements involve two parties making commitments that benefit both sides. These agreements can often lead to more efficient and smoother transactions or interactions.
Synonyms
- mutual arrangement
- bilateral agreement
- collaborative pact
