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.
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.
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