memorandum of agreement


memorandum of agreement
memorandum of agreement memoˌrandum of aˈgreement noun memoranda of agreement PLURALFORM or memorandums of agreement PLURALFORM [countable] LAW
another name for memorandum of understanding:

• The two companies have signed a memorandum of agreement to jointly compete for new business in defense.

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memorandum of agreement UK US noun [C]
a document that records the details of an agreement between two companies or organizations, which has not yet been legally approved: »

He said that health officials would come to Washington this month to complete details of a memorandum of agreement between the countries.

See also MEMORANDUM OF UNDERSTANDING(Cf. ↑memorandum of understanding)

Financial and business terms. 2012.