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What is an interstate compact?

What is an interstate compact? Here are some definitions.

Noun
  1. (US) Any of several agreements, comparable to treaties, between states of the United States
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Examples
An unsettled matter is the extent of the federal power to terminate an interstate compact.
Professor Evans is right that an interstate compact raises thorny legal issues.
An interstate compact establishes what is essentially a uniform law in the party states on a given subject, but differs in origin from uniform laws which do not require congressional consent.
In most instances, an interstate compact develops from a series of repeated interactions among key actors in participating states.
An interstate compact is an agreement between two or more states that allows this practice model.
Courts could interpret such consent as repealing, relative to the interstate compact, conflicting federal statutes.

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