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TeachMeFinance.com - explain On memorandum historic definition... 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. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2007 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.