Definition, Meaning & Synonyms
term-sheet
Noun
ˈtərm ˌshē(ə)rt
Definition
A term sheet is a non-binding document that outlines the basic terms and conditions of an investment or financial transaction.
Examples
- The investor presented a term sheet to the startup outlining the funding structure.
- Before proceeding with the deal, both parties reviewed the term sheet carefully.
- It’s common to negotiate the terms before finalizing the term sheet.
Meaning
It serves as a summary of the key points agreed upon by the parties involved, acting as a guide for drafting more detailed legal agreements.
Synonyms
- Memorandum of understanding
- Letter of intent
- Agreement
