Earn-Out

A future payment that depends on the acquired business achieving agreed performance targets after closing.

Liquidity

In a marketplace, the ability of participants to find suitable counterparties and complete transactions efficiently.

Revenue

The total income generated by a business before operating expenses and other deductions.

Valuation

The process of estimating the economic value of a business, company, ownership stake, or group of assets.

Churn

The rate at which customers, subscribers, or revenue are lost during a defined period.

EBITDA

Earnings before interest, taxes, depreciation, and amortisation, often used to assess the operating performance of larger businesses.

Risk

Any financial, legal, operational, technical, commercial, or platform-related factor that could reduce future business performance or transaction certainty.