Finance Deals & Syndicated Lending · glossary

Term sheet

The deal in a few pages of headings, agreed before the full agreement is drafted. On Sunrise it was not binding. Checking that each line reached the final agreement is a junior's task. Chapter 4

Explained in Chapter 4, From Term Sheet to Signing, of Finance Deals & Syndicated Lending.

How it comes up, in Chapter 4
The term sheet travels with the mandate letter. It is the deal in a few pages of headings, from the amounts and the margin to the covenants and the transfer rules.
Read Chapter 4, From Term Sheet to Signing →

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Related terms

Where this term lives

This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Finance Deals & Syndicated Lending → · All terms A–Z →