1 Hourglass: Torso and hips are approximately the same width - with waist definition.  Apple: Torso and upper body wider than your hips - with little or no waist definition. You might have weight surrounding your waist.
From a legal point of view, a merger is a legal consolidation of two entities into one entity, whereas an acquisition occurs when one entity takes ownership of another entity's stock, equity interests or assets.
Proper Use of Letter of Intent or Memorandum of Understanding. A memorandum of understanding is an agreement between two parties often used in the course of contract negotiationst. Depending on how it is drafted, it may or may not be fully binding in the way that a contract is. Sometimes, a letter of intent is used instead of a memorandum of understanding. A letter of intent expresses an interest in performing a service or taking part in an activity, but does not legally obligate either party. Common abbreviations of LOI for letter of intent and MOU for a memorandum of understanding. In some cases, depending on the exact wording, memorandums of understanding can have the binding power of a contract. As a matter of law, contracts do not need to be labeled as such to be legally binding.