Search Fund Jargon Translator
Clear, plain-English definitions of ETA and dealmaking terms, with practical notes and examples.
Letter of Intent (LOI)
A non-binding document that outlines the preliminary terms of an acquisition agreement between a buyer and a seller.
Confidential Information Memorandum (CIM)
A detailed document prepared by a seller or their advisor that provides prospective buyers with an in-depth look at the business being sold.
Indication of Interest (IOI)
A preliminary, non-binding proposal from a potential buyer to a seller, indicating a potential valuation range and interest in pursuing an acquisition.
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