liquidation preference
C2CEFR level
88/100Rarity: very rare
TechnicalRegister
A term giving preferred shareholders the right to be repaid before common shareholders when a company is sold or wound up.
A 1x non-participating liquidation preference is standard, but they were demanding a 2x participating one.
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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