Alias of Profit and Loss
In law, pari passu means ranking equally and without preference.
Under a company’s articles of association, it may be possible for shareholders to transfer shares to close family members and/or family trusts; usually, for tax purposes.
A Personal Guarantee is a legal promise between (usually) a lender and the borrower stating that an individual behind the borrower is jointly responsible for paying back the loan.
Alias of Personal guarantee
A pitch is a short oral presentation giving potential clients or investors a summary of an business. The pitch aims to provide information on the company and encourage audience interest in its business.
A pitch deck is a printed presentation giving potential clients or investors a summary of an entrepreneur's business. The pitch deck aims to provide information on the company and encourage audience interest in its business.
Alias of Pre-money valuation
A procedure used at a general meeting of a company under which every voting shareholder has one vote for every share held. This procedure is commonly used where it is not possible to obtain a clear result by voting solely on a show of hands.
A post-money valuation is a business's estimated worth after receiving external funding.
See also: Pre-money valuationA right of first refusal for existing shareholders on the issue of new shares.
A pre-money valuation is how much a business is worth before it receives any new external funding.
See also: Post money valuationPre-seed investment is an investment that's given to a company before it has a product fit for market and any profit.
Private equity is a financing type where private money – from individuals, or institutions that are investing their clients’ money - is invested in a business.
A product-market fit means there's a customer need for your product.
A profit and loss statement, or “P&L”, shows how much a company has spent and earned during a specific period.
A person who is formally appointed to cast the votes of another shareholder.
