1. Establishment, foundation, or organization created to pursue a particular type of endeavor, such as banking by a financial institution. 2. Consistent and organized pattern of behavior or activities (established by law or custom) that is self-regulating in accordance with generally accepted norms.
The letters written by one to another, and the answers thereto, make what is called the correspondence of the parties. 2. In general, the correspondence of the parties contains the best evidence of the facts to which it relates. See Letter, contracts; Proposal.
A memorandum, more commonly known as a memo, is a short message or record used for internal communication in a business. Learn more about the history. A memorandum, more commonly known as a memo, is a short message or record used for internal communication in a business. Once the primary form of internal written communication, memorandums (or memos) have declined in use since the introduction of email and other forms of electronic messaging.