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letter of intent |
Also found in: Financial, Wikipedia | 0.03 sec. |
letter of intent n
(Law) 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 ThesaurusLegend: Synonyms Related Words Antonyms
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It includes details on preparing applications and letters of intent, contact information deadline dates, web sites, dollar amounts available, geographic limitations and award cycles. According to Murphy, "Innvest accepted the listing and, as a result of our efforts, within 150 days, secured multiple Letters of Intent and went directly to closing with the best buyer. Three in, two remaining: UCLA received binding national letters of intent from three of its commitments, and two should arrive by the end of the week. |
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