This is the 454th most frequent Dutch word.
akkoord
"Akkoord" means "agreement" or "accord" in English.
In this sentence, 'akkoord' is used as part of a phrase 'ben akkoord' to express agreement.
Ik ben akkoord met jouw voorstel.
I agree with your proposal.
Here, 'akkoord' functions as a noun meaning an agreement.
We hebben een akkoord bereikt over de voorwaarden.
We have reached an agreement on the terms.
Similarly, 'akkoord' is used as a noun here indicating a formal agreement.