term sheet
Word Rarity
Uncommon
Frequency: Zipf frequency 4.34 in modern English
14
Scrabble Score
9
Letters
2
Syllables
6
Unique Chars
Meaning
noun
A bullet-point document outlining the material terms and conditions of a potential business agreement, establishing the basis for future negotiations between a seller and buyer, or the conditions for financing a startup company.
Example Sentences
- "Usually, only certain parts of the term sheet will be expressed to be legally binding (see below) but the whole of the term sheet will be morally binding[…]"
- "Once you've received a term sheet from a VC, you can use this to motivate action from other VCs, but you have to walk a fine line between oversharing and being too secretive."