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MEMORANDUM OF COSTS (MC-012) $1.25 What is a Memorandum of Costs? A Memorandum of Costs is a form you use to tell the court about additions and subtractions to the judgment. On this form, you tell the court what the debtor has paid you already, how much interest you have earned since the judgment was entered, AND
A memorandum of understanding is an agreement between two parties in the form of a legal document which is less binding than a contract. A memorandum of understand is stronger than a traditional gentleman's agreement. When dealing with sensitive or private issues, a memorandum can be kept confidential.