letter agreement

letter agreement
An agreement, specifically a legally binding contract, reached by the parties exchange of letters.

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  • letter of offer — commitment letter is a letter (also called a letter of offer) in which a lender sets out the terms on which it is prepared to lend money to the lender. It is generally accompanied by a term sheet setting out the terms of the loan. If the letter… …   Law dictionary

  • agreement — a‧gree‧ment [əˈgriːmənt] noun [countable] 1. an arrangement or promise to do something, made by two or more people or organizations: • Under the agreement, the company will distribute our products in North America. • What happens if the warring… …   Financial and business terms

  • letter — let‧ter [ˈletə ǁ ər] noun [countable] 1. a written or printed message that is usually put in an envelope and sent by mail: • Please sign the letter and mail it back within two weeks. alloˈcation ˌletter also alˈlotment ˌletter FINANCE a letter… …   Financial and business terms

  • letter of agreement — UK US noun [C] (plural letters of agreement) ► LAW a letter showing the details of a formal agreement between two or more people or companies: »The letter of agreement was signed by both parties …   Financial and business terms

  • letter of intent — see letter 1 Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. letter of intent …   Law dictionary

  • letter of agreement — UK US noun [countable] [singular letter of agreement plural letters of agreement] economics a document that states what has been agreed between two people or organizations Thesaurus: documents and types …   Useful english dictionary

  • letter — let·ter n 1: a direct written statement addressed to an individual or organization; broadly: an official communication see also counterletter determination letter: a letter from an administrative agency (as the Internal Revenue Service) usu. in… …   Law dictionary

  • Letter of credit — After a contract is concluded between buyer and seller, buyer s bank supplies a letter of credit to seller …   Wikipedia

  • 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. Bloomberg… …   Financial and business terms

  • Letter monopoly — The Letter monopoly (German: Briefmonopol) was enshrined in the German Postgesetz law, and until the end of 2005 it granted an exclusive license to the German post office, Deutsche Post, for the transport of letters and catalog deliveries of up… …   Wikipedia

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