Meaning of the word "gentleman's agreement" in English

What does "gentleman's agreement" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

gentleman's agreement

US /ˌdʒen.tl.mənz əˈɡriː.mənt/
UK /ˌdʒen.tl.mənz əˈɡriː.mənt/
"gentleman's agreement" picture

Noun

1.

an agreement that is not legally binding but is based on the honor of the parties involved

Example:
They reached a gentleman's agreement to share the profits equally.
The deal was based on a gentleman's agreement, not a written contract.
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