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letter of intent |
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Letter of intent 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.
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He visited Penn State two weeks ago, the school his father preferred, before finally faxing USC a letter of intent. Rohm and Haas, Philadelphia, PA, and Omnova Solutions, Fairlawn, OH, have signed a letter of intent to form a global joint venture for the purpose of marketing, selling and servicing latex binders, synthetic pigments and specialty additives for coating applications in the paper and paperboard industry. MAI"), its wholly owned subsidiary, was unable to reach a definitive agreement with Caribbean Mining Group Limited ("CMG") and has terminated its non-binding letter of intent with CMG. |
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