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LOI

/ˌɛlˌoʊˈaɪ/ /ˌɛlˌəʊˈaɪ/
abbreviation
GeneralBusiness
  1. 1 niyet mektubu
  2. 2 iş anlaşması yapma niyetini bildiren bağlayıcı olmayan beyan

Definition (English)

  1. A document outlining the preliminary terms of an agreement between parties before a formal contract is signed.
  2. A non-binding statement of intent to enter into a business agreement.

Example Sentences

  1. They signed an LOI to begin negotiations.
    Müzakerelere başlamak için bir LOI imzaladılar.
  2. The LOI is not legally binding.
    LOI yasal olarak bağlayıcı değildir.