Glossary
- 3rd F
- Advisor
- BA
- Balance Sheet
- BAN
- Barrier to Entry
- BP
- Business Angel
- Business Angel Network
- Business Plan
- Business Thumbnail
- Carbon Reduction Commitment
- Cash Flow Forecast
- Coach
- Conditions Precedent
- Copyright
- Corporate Social Responsibility
- CRC
- CSR
- Data Protection Act
- DD
- Director
- DPA
- Due Diligence
- Early-stage
- EIS
- Enterprise Investment Scheme
- Entrepreneur
- Equity
- Executive Summary
- Exit Multiple
- Expansion
- Family, Friends and Fools
- FFF
- Founder
- Gross Value Add
- GVA
- High Net Worth
- HM Revenue and Customs
- HMRC
- HNW
- IM
- Incubator
- Information Memorandum
- Intellectual Property
- Internal Rate of Return
- Investor
- Investor Ready
- IP
- IR
- IRR
- Loan
- Long Term Incentive Plan
- LTIP
- Management Buy In
- Management Buy Out
- MBI
- MBO
- Memorandum of Association
- Memorandum of Understanding
- Mentor
- MoA
- Money laundering
- MoU
- National Minimum Wage
- NED
- Neo Linguistic Programming
- NLP
- NMW
- Nomad
- Nominated Adviser
- Non-Executive Director
- Offer Letter
- Patent
- Payment in Lieu of Notice
- PILON
- Positive Ratchet Clause
- Pre-start
- Preference Shares
- Principles
- Profit and Loss
- Ratchet
- Risk Premium
- Sales of Goods Act
- Shadow Director
- Shareholder Agreement
- Shares
- Small or Medium Enterprise
- SME
- SME
- SoGA
- Sophisticated Investor
- Start-up
- Sweat Equity
- Total Shareholder Return
- Trade secret
- Trademark
- TSR
- Unique Perceived Benefit
- Unique Selling Proposition
- UPB
- USP
- Warranty
- White Meeting
Disclosure Letter
A letter that forms part of the documentation when investors exchange money for shares in the company. The disclosure letter is written by the directors of the company giving details of any issues that require formal notice to the new shareholders. This protects the directors since the new investors cannot, at a later date, say they did not know about the issues raised.
