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 ?
Under the agreement in principle with its bank lenders, Leiner's existing senior indebtedness will be restructured and remain outstanding.
In conjunction with the agreements in principle, the Company also announced today that it has reached an agreement in principle with its senior lenders to extend its previously announced forbearance agreement through December 14, 2001.
The key terms of Leiner's agreement in principle regarding a new equity investment are as follows:
The key terms of the agreement in principle regarding the restructuring of Leiner's existing bank debt are as follows:
The key terms of the agreement in principle regarding the bondholder restructuring are as follows:
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