letter of intent

World English Dictionary

letter of intent

—n
	a letter indicating that the writer has the serious intention of doing something, such as signing a contract in the circumstances specified. It does not constitute either a promise or a contract

Collins English Dictionary - Complete & Unabridged 10th Edition
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Letter of intent is always a great word to know.

So is ninnyhammer. Does it mean:

a fool or simpleton; ninny.

a children's mummer's parade, as on the Fourth of July, with prizes for the best costumes.

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Dictionary.com's 21st Century Lexicon

Main Entry:	letter of intent
Part of Speech:	n
Definition:	a document declaring the intentions of the writer, esp. to enter into a formal agreement

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"Some punishment seems preparing for a people who are ungratefully abusing the best constitution and the best King any nation was ever blessed with, intent on nothing but luxury, licentiousness, power, places, pensions, and plunder; while the ministry, divided in their counsels, with little regard for each other, worried by perpetual oppositions, in continual apprehension of changes, intent on securing popularity in case they should lose favor, have for some years past had little time or inclination to attend to our small affairs, whose remoteness makes them appear even smaller."

-Benjamin Franklin