A no shop is sometimes called an exploding term sheet.
Once the parties agree on terms they sign the term sheet as an expression of commitment.
In theory these simply follow the terms of the term sheet.
"I went down all the elements of the term sheet, which was distributed to everyone at the meeting," he said.
A term sheet implies the conditions of a business transaction, as proposed by a party.
The compensation committee here was provided with a term sheet for all the key points of the employment contract.
The term sheet outlines the key terms and conditions of the financing.
Yet I received term sheets that were an embarrassment to capitalism.
This step can include developing a term sheet describing the terms and conditions under which the fund would make an investment.
The language, called a term sheet, will be sent to the more than 500 banks owed money by Mexico, officials said.