- Leaver
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A founder, director, employee or consultant who ceases to provide any services to the company and, as a result, may be required to sell shares and/or lose certain rights in shares. The effects of being a "leaver" will to some extent depend on the applicable circumstances (for example, whether they are a "good" or a "bad" leaver).
- Lien
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A right which entitles a company to retain an interest in its shares, for example if its issue price has not been fully-paid by the shareholder.
- Lifestyle business
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Some Founders create and manage a business primarily to allow them to live a particular lifestyle.
- Liquidation preference or priority
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A liquidation preference or priority refers to the order in which shareholders receive exit proceeds. It often benefits investors over other shareholders, and can affect how much each shareholder group receives.
- Liquidity
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Liquidity refers to how much of a company's asset value is in cash rather than non-cash assets.
- Loan
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A loan is a monetary sum one party lends another and expects it to be paid back with interest.
