JLPT N1
和議
This is a formal agreement that settles a big conflict. It could be a war between countries or a company’s financial crisis.
Readings
1 Noun
Peace Agreement / Truce
A formal agreement to end a war or major conflict between opposing groups, such as nations or historical factions.
Example
両国 は 長い 戦争 の 末 、 ついに 和議 を 結んだ 。
After a long war, the two countries finally concluded a peace agreement.
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2 Noun
Legal Composition (Bankruptcy)
In a legal context, a procedure that allows a company facing bankruptcy to negotiate with its creditors to reduce its debts and create a repayment plan, thus avoiding a formal bankruptcy declaration.
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