A memorandum (abbrev.: memo; from Latin memorandum est, "It must be remembered") is a written message that is typically used in a professional setting. Commonly known as a "memo," these messages are typically brief and easily understood. By following this format, a memo offers an organization the chance to communicate important information efficiently in order to make dynamic and impactful changes.
In law, a memorandum is a record of the terms of a transaction or contract, such as a policy memo, memorandum of understanding, memorandum of agreement, or memorandum of association. Other memorandum formats include briefing notes, reports, letters, or binders. They may be considered grey literature. In business, a memo is typically used by firms for internal communication, while letters are typically for external communication. Memorandum formatting may vary by office or institution. If the intended recipient is a cabinet minister or a senior executive, the format might be rigidly defined and limited to one or two pages. If the recipient is a colleague, the formatting requirements are more flexible.
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