Letter of intent

Letter of intent
Definition:
An assurance by a mutual fund Shareholder that a certain amount of Money will be invested monthly, in Exchange for lower sales charges.

Letter Of Intent
Letter Of Intent - This is also known and abbreviated as an LOI. It contains the very confirmation of motivations, intentions, aims, goals, objectives, meaning and purpose, in writing.

Letter of Intent - LOI
1. An agreement that describes in detail a corporation's intention to execute a corporate action.

Letter of intent: An agreement whereby an investor agrees to make a series of purchases of mutual fund units.

Letter of intent: In mutual funds, a written statement by a customer promising to purchase a stated number of mutual fund shares.

Letter of Intent (LOI):
A way for a shareholder to qualify for a reduced sales charge by promising to invest a certain amount within a specified time.

LETTER OF INTENT. A nonbinding letter from the underwriter to the company that sets forth the general terms and conditions of the securities offering.
LETTERED STOCK. See Restricted Stock.

Letter of intent
A nonbinding declaration of intention between a buyer and a seller. A letter of intent confirms that both sides are in negotiations to sign a contract.

W2 Energy Signs Letter of Intent to Acquire Majority Interest of Arctic Solar Engineering, LLC
Publish Date: Mar 12, 2012 11:19 AM ...

letter of intent A letter from one firm to another acknowledging a willingness and ability to... letter security A security sold directly by the issuer to an investor, bypassing SEC registration.

letter of intent
A letter that formalizes the relationship between an underwriter and a company preparing to go public. The letter of intent outlines the underwriter fees, ranges for stock prices, and other terms of the underwriter's agreement.

Letter of Intent - drafted between the issuing company and Investment Bank / underwriter. This letter spells out the terms and conditions by which the issuing company and underwriter will conduct the IPO.

A letter of intent between the issuer of new securities and the buyer, in the private placement of these new securities.

After initially signing a letter of intent to acquire Tempo,[6] NBC eventually opted for a deal to lease the channel's transponder in June 1988.

5. A buyer indicates that he or she will be submitting a Letter of Intent, or even a Term Sheet, the seller should inform them up-front what is to be included: ...

The cumulative level of purchases of shares in a mutual fund that is required before an individual purchaser can qualify for a reduced sales commission. Compare letter of intent. See also right of accumulation.
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In such case, you would sign a "letter of intent" to make additional purchases in the future. Be aware, though, that if you don't carry through with your promised future purchases, the firm may retroactively collect a higher fee.

A fund that carries no sales charge is called a No-Load Fund. See also Back-End Load; Front-End Load; Letter of Intent; Load Fund; Redemption Fees; 12b-1 Mutual Fund. See also Mutual Fund Share Clauses.

See also: Investment, Market, Trading, Securities, Report