An assurance by a mutual fund shareholder that a certain amount of money will be invested monthly, in exchange for lower sales charges . In mergers, a preliminary merger agreement between companies after significant negotiations. Bloomberg Financial Dictionary
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a formal letter stating what someone intends to do. A letter of intent is not a promise or a contract, but does show a serious intention to do something:
• The firm had signed a binding letter of intent (= one that counts in law as a formal agreement ) to buy the chain of stores.
• They had only signed a non-binding letter of intent (= one that does not count in law as a formal agreement ) .
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letter of intent UK US noun [C] (plural letters of intent)
► a letter that formally states what someone plans to do although this is not a legal promise or official contract: »
The company has signed a letter of intent but the full agreement has not been finalized.
Financial and business terms. 2012.