WordReference Random House Unabridged Dictionary of American English © 2017
gentlemen's agreement, 
  1. Sociologyan agreement that, although unenforceable at law, is binding as a matter of personal honor.
  2. Sociologyan unwritten agreement by a socially prominent clique, private club, etc., to discriminate against or refuse to accept members of certain religious, racial, national, or other groups.
Also,  gentleman's agreement. 
  • 1885–90, American.

Collins Concise English Dictionary © HarperCollins Publishers::

gentlemen's agreement, gentleman's agreement n
  1. a personal understanding or arrangement based on honour and not legally binding

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