IPA: /əˈɡriːmənt/
KK: /əˈɡrimənt/
A mutual understanding or arrangement between two or more parties about what they will do or how they will act.
The two companies reached an agreement to collaborate on the project.
Agreement → It is formed from "agree" (from Old French *agreer*, meaning to please or accept) and "-ment" (a suffix used to form nouns indicating an action or resulting state). The word "agreement" refers to the state of being in harmony or having a mutual understanding.
Think of people 'accepting' ('agreer') a common idea or decision, and the '-ment' shows that this is a state of harmony. This helps you remember that 'agreement' means being in a state of mutual understanding.