Example: Term sheet outlines key terms of investment agreements
Definition
"The term sheet" is a document that outlines the key terms and conditions of a proposed investment agreement between parties, typically used in entrepreneurship to summarize important points before finalizing a contract or deal.
The phrase "the term sheet" originates from business and legal practices where 'term' refers to conditions or provisions, and 'sheet' denotes a single page or document. It became popular in startup culture as a concise way to capture essential deal elements before formal agreements.
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"The term sheet" appears in the Vocaplus list "English - Entrepreneurship - (A1-C2) - set 1", containing 110 commonly used words.
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