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MOU
abbreviation
law memorandum of understanding
Example Sentences
The Japan MOU says the money will be invested in “sectors deemed to advance economic and national security interests,” such as metals, energy, artificial intelligence and quantum computing.
Japan would have to spend $183 billion a year through 2028 under its MOU, or 4.4% of GDP for each the next three years.
Commerce Secretary Howard Lutnick said last month that Japan will have to “blow up their balance sheet” and borrow heavily to fund its MOU commitments.
Scotland's Deputy First Minister Kate Forbes described the signing of the MOU as an "exciting milestone".
"Nothing in this MOU is, or shall be interpreted or construed as an offer, promise or acceptance of any form of bribery, undue influence or corrupt practice," the document says.
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