locked-box mechanism
C2CEFR level
90/100Rarity: very rare
TechnicalRegister
A pricing structure that fixes equity value at a pre-signing balance-sheet date with no post-closing purchase-price adjustment.
The sellers pushed for a locked-box, so the price was struck off the March accounts and we owed only a daily accrual through to completion.
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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