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A Letter of Understanding (LOU) is a formal text that sums up the terms of an undertakings of a contract which may have been negotiated up to this point only in spoken form or otherwise informally. It reviews the terms of an agreement for a service , a project or a deal and is often written as a step before a more detailed contract is issued.
Letters of credit are also sometimes used as part of fraudulent investment schemes. [31] In the international banking system, a letter of undertaking (LOU) is a provisional bank guarantee, under which a bank allows its customer to raise money from another bank's foreign branch in the form of short-term credit.
Undertaking may refer to: Task (project management), in general; The services provided by an undertaker, mortician, or a funeral director; Company, in business, in particular in European Union law, the term is used interchangeably, i.e. a business entity; Undertaking (driving), overtaking another vehicle using a lane nearer the curb-side
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The term mortician is derived from the Latin word mort-('death') with the ending -ician.In 1895, the trade magazine The Embalmers' Monthly put out a call for a new name for the profession in the US to distance itself from the title undertaker, a term that was then perceived to have been tarnished by its association with death.
If you’re stuck on today’s Wordle answer, we’re here to help—but beware of spoilers for Wordle 1334 ahead. Let's start with a few hints.
Here are the first two letters for each word: SN. PO. DA. LO. AN. HO. EN (SPANGRAM) NYT Strands Spangram Answer Today. Today's spangram answer on Friday, February 14, 2025, is ENDEARMENT.
The White House released a letter Monday highlighting the executive order’s impact on the few hospitals that decided to suspend care in non-ban states, which ended "promises made, promises kept ...