letter of intent
B2CEFR level
70/100Rarity: rare
TechnicalRegister
Law noun
A document recording the parties' intention to contract, usually not itself binding.
Work began under a letter of intent while the formal construction contract was still being drafted.
Business noun
A written statement of a party's serious intention to proceed with a deal.
Once both sides signed the letter of intent, we moved straight into diligence.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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