What is Letter of intent (LOI)?
A mostly non-binding offer letter in an M&A process stating price and key terms, usually with a binding exclusivity period that pauses the auction.
Where you will use it: this term comes up in the Entrepreneurial Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Entrepreneurial Finance course by Devon Coombs, CPA, MBA.