Sentence:  [W]hat was to be the future policy of the Associated Governments in regard to the renewal of the <WSD>Armistice</WSD>: should the <WSD>Armistice</WSD> constantly be renewed, with new clauses and new conditions, or were the final naval and military terms to be drawn up immediately and imposed on the enemy. 
Meaning of the word marked with <WSD> tags:  The armistice agreement signed between the Allies and Germany on 11 November 1918 to end World War I;  the end of World War I.