What does "letter of intent" mean?

A legal document outlining one or more agreements between two or more parties before the actual agreements are finalized

What is a synonym for "letter of intent"?

Common synonyms include: express intention, expression of interest.

noun

noun ·Rare ·Advanced level

Noun

1
A legal document outlining one or more agreements between two or more parties before the actual agreements are finalized
"Before the negotiation and due diligence started, we agreed to sign a letter of intent."
2
any letter expressing an intention to take (or forgo) some action wordnet

"Before the negotiation and due diligence started, we agreed to sign a letter of intent."