letter of intent

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letter of intent

a letter indicating that the writer has the serious intention of doing something, such as signing a contract in the circumstances specified. It does not constitute either a promise or a contract.
References in periodicals archive ?
as shall be necessary for its accommodation in the transaction of its business...." (39) With respect to the Union Bank Wind Farm Investment Letter, the OCC determined that the transaction is not prohibited under [section] 29, since holding interests in real estate is "an integral part of an authorized banking activity." (40)
Co., Ltd., a major rubber tire maker in Taiwan, recently announced that the company and more than 10 Taiwanese bicycle makers have jointly signed an investment letter of intent (LOI) with Huizhou Zhongkai (HZZK) High-tech Industrial Development Zone in Huizhou, Guangdong Province of China.
One of the most successful personal letters was Louis Rukeyser's investment letter. The publisher was ready, when Lou passed away, to gradually fold its remaining subscribers into its Personal Finance title.
"Eventually I stayed nine years with the Real Estate Investment Letter, published by Harcourt Brace until they sold it out from under me.
If everything goes well, the firm will sign an investment letter of intent with Chongqing City Government at the end of this year at the earliest.
(Unconfirmed rumors have it that Phillips has unsuccessfully tested the waters for an investment letter edited by Lou Dobbs.)
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