B. Letter of Intent**
*acronyms in English are most often pronounced saying the individual letters instead of making the letters into a word - so we say L-O-I, and not "loi".
**LOI has other meanings, for example, Lack of Interest or Letter of Indemnity, but Letter of Intent is the use most commonly seen in international business. If you ever need to find out the meaning of an acronym in any language try AcronymFinder.com.
Listen
to pronunciationLegal Definition -
Letter of Intent
A written statement detailing the preliminary understanding of parties who plan to enter into a contract or some other agreement; a noncommittal writing preliminary to a contract.
Black's Law Dictionary® Eighth Edition © 2004
Current Usage -
Netia signs LoI to sell P4 stake
Netia has confirmed it has signed a letter of intent (LoI) to sell its 23% stake in wireless network operator P4 for EUR130 million (USD193 million) to Cyprus-based Tollerton Investments and Icelandic fund Novator. P4, which launched under the Play brand name in March last year, is currently a joint venture between Netia, Tollerton and Novator.
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