What does MOU stand for?

The correct interpretation of "MOU" is "Memorandum of Understanding." This term is widely used in legal and business contexts to refer to a formal agreement between two or more parties that outlines the terms and details of their understanding. It serves as a document that expresses the intentions of the parties involved and may outline shared goals, roles, responsibilities, or proposed actions without creating legally binding obligations like a contract would.

The other options do not align with the recognized use of MOU in practical scenarios. "Management of Unions" and "Mechanism of Unification" are not standard definitions associated with MOU. "Monthly Overview Utility" is also not a recognized term in relevant contexts. Thus, "Memorandum of Understanding" remains the appropriate choice, reflecting its common usage in various agreements across different sectors, including governmental and organizational settings.