letter of intent

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letter of intent

Formal written notice given by one party to another of a commitment to pursue an action, e.g., of a plan to bring suit against another party or to take on an assignment on behalf of that party.
References in periodicals archive ?
While investors often mine Grantham's usually lengthy investment letters for actionable insights, his February letter offers mainly this reaffirmation of his slow-growth macro view, together with a large dose of apocalyptic environmentalism.
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