letter of intent

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letter of intent

A letter signifying an intention to enter into a formal agreement, usually setting forth the general terms of such agreement.
References in periodicals archive ?
Market pessimists can usually find what they're looking for in hedge fund manager Jeremy Grantham's quarterly investment letters, but for the gloom-and-doom junkies who need "more" to get their fix, Grantham delivers in his just-published installment:
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