Key Takeaways A term sheet is a nonbinding agreement outlining the basic terms and conditions under which an investment will be made. Term sheets are most often used for startups.

Other Relevant Balance Sheet Terms Current vs. non-current. Comprehensive balance sheets break assets and liabilities into two categories: current and non-current.

Lease Term Commencement. The term sheet should clearly state the commencement date for the lease and the obligation to pay rent. Also, it should be clear whether the lease term runs from the ...

The Oakland City Council approved a non-binding financial term sheet for the Athletics ' new stadium agreement in a critical vote on Tuesday. The city council voted 6-1 with one abstention to ...