Definition for : Non-Disclosure Agreement
A "Non-Disclosure Agreement" ("NDA") - also called "Confidentiality letter" - refers to a legally-binding document between at least two parties whereby the parties undertake not to disclose some information designated as confidential. Such a document is frequently signed between a bank and its client before any transaction, such as a loan, Bond or M&A operation.
(See Chapter 43 Corporate governance of the Vernimmen)
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