What is the full form of "LOI"?
A. Loss Of Investment
B. Lack Of Investment
C. Letter Of Inquiry
D. Letter Of Intent
Answer: Option D
Solution(By Examveda Team)
A letter of intent (LOI) is a document declaring the preliminary commitment of one party to do business with another. The letter outlines the chief terms of a prospective deal. Commonly used in major business transactions, LOIs are similar in content to term sheets. One major difference between the two, though, is that LOIs are presented in letter formats, while term sheets are listicle in nature.This Question Belongs to Abbreviations >> Finance Abbreviations
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