||Investments of cash for improvements
to remain competitive in a business.
||Have an economic life of one year or
more and the cost is moved to the balance sheet, and
then these costs can be written down by depreciation
or amortization over time.
||The excess of sources of cash over
uses of cash.
||An Analysis of all the changes that
effect the cash account during an accounting period.
These changes may be shown as either sources or uses
||Costs to transfer business from
seller to buyer at conveyance of business.
||A written accounting of funds to
seller and buyer at passing of papers.
(Certified Lender Program)
||This process is for the more
sophisticated and experienced lenders who have
graduated beyond GP status. Typically, the lender
now submits a complete package to the SBA and as a
CLP Lender they are guaranteed a 3-day turnaround
from the SBA.
||A security, such as a mortgage, given to protect debt.
||The mixing of funds held for the benefit of others with the brokers personal or business funds.
other valuable consideration given to broker by
principal for services rendered. Typically, the
amount is by agreement.
Conditional Sales Contract
in which owner retains title until buyer has met all
terms and conditions; a familiar device in land
sales; also called land contract or installment
contract. Buyer acquires equitable title until final
payment; after delivery of deed, buyer has legal
that forbids buyers, sellers, and their agents in a
given business deal from disclosing information
about the transaction to others.
of value exchanged between parties of a contract;
money, services, goods or promises.
instrument between two parties to do or not to do
something; in reality, it must be in writing to be
Counter Offer: typically voids first offer
and creates new offer.
called strategic buyers, these are companies that
can derive operational benefits from owning a
business. This can occur because of potentially
higher revenues from a combination, potentially
lower expenses by joining together, or a mixture of
the two. Because of these perceived synergies,
premium prices are often paid by strategic buyers.
in an agreement or contract agreeing to performance
or nonperformance of certain acts, or requiring or
preventing certain acts or uses.