LETTER OF MORAL INTENT
\lˈɛtəɹ ɒv mˈɒɹə͡l ɪntˈɛnt], \lˈɛtəɹ ɒv mˈɒɹəl ɪntˈɛnt], \l_ˈɛ_t_ə_ɹ ɒ_v m_ˈɒ_ɹ_əl ɪ_n_t_ˈɛ_n_t]\
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Parent company gives written notice to a bank of good-faith intention of financial support for a subsidiary working to borrow money from the bank. Not a binding contract of support for the subsidiary. Verifies that the subsidiary is borrowing money with the approval and monitoring by the parent company.
By Henry Campbell Black
Word of the day
Dopamine Acetyltransferase
- An enzyme that catalyzes the of groups from acetyl-CoA to arylamines. They have wide specificity for aromatic amines, particularly serotonin, and can also catalyze acetyl transfer between arylamines without CoA. EC 2.3.1.5.