What Does AIP Stand For?
AIP stands for Agreement In Principle
AIP, or Agreement In Principle, refers to a preliminary agreement between parties that outlines the main terms and conditions of a proposed arrangement. While not legally binding, an AIP serves as a foundation for further negotiations and signifies the intent to formalize an agreement in the future. It is commonly used in various industries, including finance and real estate, to establish a mutual understanding before finalizing detailed contractual terms.
Added on 14th April 2008 | Last edited on 17th June 2025 | Edit Acronym