Understood
Defined in 2 dictionaries — Bouvier (1914), Black's (1910)
Bouvier's Law Dictionary and Concise Encyclopedia
John Bouvier; revised by Francis Rawle · 1914
Agreed. Higginson v. Weld, 14 Gray (Mass.) 165. It falls short of alleging a distinct express contract Black v. Columbia, 19 S. C. 419, 45 Am. Rep. 785.
Black's Law Dictionary
Henry Campbell Black, M.A. · 1910
The phrase "it is understood," when employed as a word of contract in a written agreement, has the same force as the words "it is agreed." Higgin-son v. Weld, 14 Gray (Mass.) 165.