letter of intent. A written statement detailing the preliminary understanding of parties who plan to enter into a contract or some other agreement; a noncommittal writing preliminary to a contract. • A letter of intent is not meant to be binding and does not hinder the parties from bargaining with a third party. Businesspeople typically […]
commitment letter. 1. A lender’s written offer to grant a mortgage loan. • The letter generally outlines the loan amount, the interest rate, and other terms. — Also termed letter of commitment. [Cases: Mortgages 211. C.J.S. Mortgages §§ 274–276.] 2. LETTER OF INTENT.
reservation-of-rights letter. Insurance. A notice of an insurer’s intention not to waive its contractual rights to contest coverage or to apply an exclusion that negates an insured’s claim. — Also termed reservation of rights.
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letter of the law. The strictly literal meaning of the law, rather than the intention or policy behind it. — Also termed litera legis. Cf. SPIRIT OF THE LAW . [Cases: Statutes 183. C.J.S. Statutes § 317.]
counterletter. Civil law. A document in which the parties to a simulated contract record their true intentions. La. Civ. Code art. 2025. • For example, the record owner of real property may acknowledge in a counterletter that another person actually owns the property; the counterletter may then be used when the property is to be
Securities. 1. A document setting forth all information that is material to investors about the offering but is not disclosed in the accompanying prospectus or the confirmation. 2.LETTER OF INTENT.
term sheet. Securities. 1. A document setting forth all information that is material to investors about the offering but is not disclosed in the accompanying prospectus or the confirmation. 2. LETTER OF INTENT. abbreviated term sheet. A term sheet that includes (1) the description of the securities as required by Item 202 of SEC Regulation
意向书（意向协议，条款） 英语：letter of intent (heads of agreement, of terms) 法语：lettre d’intention 德语：schriftliche Absichtserklärung 意大利语：lettera (accordo) di intenti 西班牙语：carta de intención
in terrorem (in te-ror-[schwa]m), adv. & adj.[Latin “in order to frighten”] By way of threat; as a warning (the demand letter was sent in terrorem; the client has no intention of actually suing).