material adverse change
B2CEFR level
80/100Rarity: very rare
TechnicalRegister
Law noun
A significant deterioration that lets a party walk away before a deal closes.
The buyer invoked the material adverse change clause when the target lost its biggest client.
Business noun
A clause letting a buyer exit if the target suffers a serious, durable deterioration before closing.
Their lawyers will argue a soft quarter triggers the material adverse change; ours will say it's nowhere near the bar.
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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