Glossary of Terms

Deal Structure	The form by which the purchase of a business is accomplished. It could include cash, notes, stock, consulting agreements, earnout provisions, and covenants not to compete. The sale could take the form of an Asset Sale or a Stock Sale. See those definitions.
Disclosure	A written explanation to be signed by a prospective buyer or seller, explaining to the client the role that the broker plays in the transaction. The purpose of disclosure is to explain whether the broker represents the buyer or seller or is a dual agent (representing both) or a subagent (an agent of the sellers broker). This allows the customer to understand to which party the broker owes loyalty.
Deficiency Judgment	Court award to lender if sale at public auction does not equal mortgage debt.
Depreciation	Decrease in value for various reasons.
Due Diligence	Due diligence is often performed on the acquirer as well as the target.