Big Picture Deal Terms

Acquisition

When one person or company buys another business. Why it matters: In a sale process, the buyer is acquiring either the company itself or selected assets, and that choice affects taxes, liabilities, contracts, and what happens after closing.

Related terms

Closing

The moment when the sale officially happens and ownership transfers. Why it matters: This term affects what must happen at closing, how money moves, and how final obligations are documented.

Buyer

The person, company, investor, or fund trying to buy the business. Why it matters: Different buyers value different things, so knowing the buyer type helps an owner understand likely questions, risks, financing needs, and negotiation style.

More from Big Picture Deal Terms

Advisor Business Broker Buyer Exit Family Office Financial Buyer Independent Sponsor Investment Banker M&A M&A Advisor Private Equity Firm Search Fund

Browse all 236 terms in the knowledge bank →

Get a real advisor on your team

Looking up terms is helpful. Having a vetted advisor who explains them in the context of your specific business is better.

Plan your exit Back to knowledge bank