TeachMeFinance.com - explain On memorandum
On memorandum -- In trade when an order is booked (received and recorded) on memorandum it is meant that it is
booked at a private price, as distinguished from an open or
public price. For example, an open price may not yet have
been made on goods to be brought out in the future, but an
order for the goods may be accepted on memorandum at a
private price agreed upon between the seller and the buyer.
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