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TeachMeFinance.com - explain Memorandum of Understanding (MOU) Memorandum of Understanding (MOU) The term 'Memorandum of Understanding (MOU)' as it applies to the area of reclamation can be defined as ' A formal document that states the intentions and/or responsibilities of the signatory parties. A memorandum of understanding does not provide the authority to transfer any funding from Reclamation to another party, but may cover Reclamation services reimbursed by others'. Previous 5 Terms: Melting Point membral Membrane (diaphragm) Memorandum of agreement (MOA) Memorandum Of Understanding Next 5 Terms: Mendelian inheritance menisciform Meniscus mensal mental 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 © 2005-2011 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional medical, legal or financial advice. Information presented at TeachMeFinance.com is provided on an "AS-IS" basis. Please read the disclaimer for details.