noun, noun or participle which takes 'suru', transitive verb
agreement; stipulation; contract
Formal term for a binding agreement or contractual stipulation, often used in legal, business, or official documents.
両社は価格について約定を結んだ。
The two companies entered into an agreement regarding the price.
契約書には支払い条件が約定されている。
The payment terms are stipulated in the contract.