Private Equity Terms

When people are looking to raise money, or get started with their new business, sometimes the terms alone can be an impediment to making things happen.  I just came across this great list of terms relevant to the finance industry that could be useful to some clients. Many of the definitions are actually quite funny!  Here's an example:

A bank account, usually controlled by an independent Trustee. Parties place money in an 
escrow account, pending the final outcome of some event. When the parties know the 
outcome, the Trustee pays the funds to whomever the contract says should receive them 
under the circumstances. In practice, the parties often sue each other (and the Trustee) 
because the exact definition of the relevant event is fuzzy, in someone’s opinion. "