agreement in principle


Also found in: Acronyms.

agreement in principle

An agreement in which the general terms and/or conditions of a deal are accepted without the complete details having been specified or necessarily agreed upon. There was an agreement in principle that the government would cover the cost of building a new school, but so far we haven't seen a clear proposal on how this would be accomplished.
See also: agreement, principle
References in periodicals archive ?
July 14 /PRNewswire/ -- Kentucky Home Capital Corporation, the financial services subsidiary of Kentucky Home Mutual Life Insurance Company, has entered into an agreement in principle to acquire Keystone State Life Insurance Company of Philadelphia, PA.
Today's announcement follows a March announcement of an agreement in principle for the consolidation.
PITTSBURGH, April 19 /PRNewswire/ -- An agreement in principle has been reached between Veritus Inc.
that the two companies had reached an agreement in principle for Veritus to acquire GroupAmerica.
today announced an agreement in principle to acquire all of the outstanding stock of a Texas managing general agency which places approximately $40,000,000 of specialty liability and other coverages.
NYSE: TAG) and Pacific Mutual Life Insurance Company today announced the signing of an agreement in principle for the recapitalization of TAG L.
NASDAQ: ACCS) today announced an agreement in principle with Private Healthcare Systems (PHCS), one of the largest managed care companies in the country, to conduct a pilot program using its Personal Health Advisor product.
22 /PRNewswire/ -- American General Corporation (NYSE: AGC) today announced an agreement in principle to sell American- Amicable Life Insurance Company, Waco, Texas, to an affiliate of Madison Financial, Inc.
CRG), currently a wholly owned subsidiary of Central Life Assurance Company, has announced an agreement in principle to merge its subsidiary, Midland Savings Bank, with Avondale Federal Savings Bank.
30 /PRNewswire/ -- The Chubb Corporation announced today that its subsidiary, Pacific Indemnity Company, has entered into an agreement in principle for a class action settlement with Continental Casualty Company (a subsidiary of CNA Financial Corporation), Fibreboard Corporation and attorneys representing claimants against Fibreboard for all future asbestos-related bodily injury claims.
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