# Term sheet

> Term sheet — The short summary of a priced round's economics and control terms — price, pre-money, pool, liquidation preference, anti-dilution, board, protective provisions, pro rata — that the definitive documents then implement.

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

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**What is term sheet?** In accounting, term sheet means the short summary of a priced round's economics and control terms — price, pre-money, pool, liquidation preference, anti-dilution, board, protective provisions, pro rata — that the definitive documents then implement.

## Words this system refuses for it

- the deal (the documents are the deal)
- LOI

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