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Stipulation

/stˌɪpjəˈleɪʃən/
B2
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(noun) The act of stipulating; a contracting or bargaining; an agreement.

The contract has a clear stipulation regarding the payment date.
A stipulation is a formal requirement that is part of a deal.
CEFR Practice Quiz
There was a specific ____ in the agreement that the building work must be finished by the end of May.

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