# Down round

> Down round — A priced round at a lower price per share than the last one — the event anti-dilution provisions are written for.

Source: https://lopifi.com/glossary/down-round
Part of: Lopifi — US GAAP books on autopilot, checked by a CPA (https://lopifi.com)

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**What is down round?** In accounting, down round means a priced round at a lower price per share than the last one — the event anti-dilution provisions are written for.

## Words this system refuses for it

- flat round
- dilution

- **Category:** Equity & financing
- **Specified in:** [Lexicon](https://lopifi.com/md/docs/domain/11-lexicon)
- **Related:** priced-round, dilution