memorandum of understanding


memorandum of understanding
memorandum of understanding memoˌrandum of underˈstanding noun memoranda of understanding PLURALFORM or memorandums of understanding PLURALFORM [countable] LAW
a document signed by two organizations to say that they are willing to work together, perhaps before a more detailed contract is signed:

• They signed a memorandum of understanding to explore cooperation in recycling and technology transfer.

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memorandum of understanding UK US noun [C] (ABBREVIATION MOU)
a document that records the details of an agreement between two companies or organizations, which has not yet been legally approved
See also MEMORANDUM OF AGREEMENT(Cf. ↑memorandum of agreement)

Financial and business terms. 2012.