/ɪkˈstɛndɪd tɜrm əˈreɪndʒmənt/ – Phrase
Definition: thỏa thuận gia hạn.
A more thorough explanation: An extended-term arrangement refers to a contractual agreement or understanding between parties that extends over a longer period than usual or customary for similar types of arrangements. This term is often used in legal contexts to describe agreements that have a duration beyond the standard or typical term length.
Example: The parties entered into an extended-term arrangement, which outlined the terms and conditions of their business relationship for the next five years.