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What is the definition of “Approval in Principle?”?
What is the definition of “Approval in Principle?”?
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Approval in principle is one of the stages of private negotiations. It spells out the terms and conditions of the transaction e.g.sale. The commitments of each party are irrevocable, unless there are conditions precedent, such as approval of the regulatory authorities
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Go to: “Search the Web for your answer” on your question page. Type in “Approval in Principle.” Much information comes up about the topic, very lengthy but well-explained, that you may wish to read on your own time.
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