another word for discount on a promissory note

A firm that cranks out these deals in large numbers is likely to be using fairly standardized documents that require relatively few changes to reflect the school voucher programs definition terms of any particular transaction.
To treat a "proprietary estoppel equity" as requiring simply unconscionable behaviour was a recipe for confusion.The downside to that approach is that it bears no relationship to the purchase price paid by the acquirer. .A landlord informs a tenant that rent has been reduced, for example, because there was construction or a lapse in utility services.A representation can be made by words or conduct.Regardless, assuming both parties are well represented by competent legal counsel, the documents will end up in good shape, costco online deals september 2015 so to me its primarily an check for my tax refund issue of efficiency.Conversion terms are where the money is, literally and figuratively.Fifth, no defence to the estoppel can be raised.Charging a rate in excess of the legal limit is called "usury and this excess is legally uncollectible.V Texas Commerce International Bank Ltd 1982 QB 84).The simplest possible formulation is to state a multiple (i.e., if the startup is acquired before the notes mature or convert, investors will be paid 2X or 3X their investment ). .Estoppel by deed : Situations where rules of evidence prevent a litigant from denying the truth of what was said or done.
The major distinction between equitable estoppel and promissory estoppel is that the former is available only as a defense, while promissory estoppel can be used as the basis of a cause of action for damages.
A promise made without consideration is generally not enforceable.For better or for worse, most entrepreneurs and angels are likely to encounter a convertible debt term sheetif not many of themsooner or later.Using our hypothetical numbers, assuming the notes have an 18-month term, the return would be 15,000 ( 15 ) again nothing to write home about.Hence, once signed, all statements of fact (usually found in the opening recital which sets out the reason(s) for making the deed) are conclusive evidence against the parties who are estopped from asserting otherwise.It is a legal document and beneficial for both buyer and seller because it keeps them away from future disputes and misunderstandings.To angels, a 6 or 10 return within a year or two isnt worth the risk associated with making an unsecured, non-recourse loan to an unproven, development-stage company with little or no revenue.