# What is Term Sheet?

Non-binding summary of key deal terms in a financing or M&A transaction.

## In real work

Term sheet includes a 2x participating preferred. Flag it before partner review.

## Related terms

- [IPO](https://prompthausapp.com/learn/ipo.md)
- [Liquidity](https://prompthausapp.com/learn/liquidity.md)
- [Bid-Ask Spread](https://prompthausapp.com/learn/bid-ask-spread.md)
- [Settlement](https://prompthausapp.com/learn/settlement.md)
- [ACH](https://prompthausapp.com/learn/ach.md)

## How is this different from Googling it?

Google gives a definition. Prompthaus pairs each term with how it shows up in standups, PRs, prompts, and design reviews—then quizzes you until the word sticks. One term a day on iPhone.

- Category: Finance
- HTML: https://prompthausapp.com/learn/term-sheet
- App Store: https://apps.apple.com/us/app/prompthaus-ai-vocabulary/id6776314407