- memorandum of understanding
- memorandum of understanding memoˌrandum of underˈstanding noun memoranda of understanding PLURALFORM or memorandums of understanding PLURALFORM [countable] LAWa 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.
* * *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
Financial and business terms. 2012.