Waterfall Provisions

Waterfall Provisions definition

/ˈwɔːtəfɔːl/ /prəˈvɪʒ(ə)n/

What does Waterfall Provisions mean?

Provisions which set out the order of priority in which distributions are to be made to the shareholders or in which capital is to be returned to the shareholders in certain circumstances (such as on the sale or liquidation of a joint venture company).

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