Words / C / Law

cornerstone

noun/ˈkɔːnəstəʊn/

B1CEFR level
20/100Rarity: fairly common
TechnicalRegister

A large investor who commits to an offering early to anchor demand for the rest.

A sovereign fund came in as cornerstone, giving the flotation vital credibility.

Similar: anchor

Topic: Corporate law in Legal English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More law words: Corporate law