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Dictionary
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Collaborative Venture Building (CVB)

A Collaborative Venture Building (CVB) is a process by which multiple people or organisations merge to create a new company or product. This process unites everyone’s skills, resources and data to create a better company/product. Start-up companies looking to compete against the big fish tend to combine forces to better all parties.

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Capital Funds

Capital Funds are the money that is provided in the form of debt/equity to enable or continue the operation of a company.

Offshore Account

An Offshore Account is a bank account outside of your origin or country of residence which holds assets and investments.

Memorandum of Understanding (MoU)

A Memorandum of Understanding (MoU) is a legally non-binding written agreement between two or more parties.

Acid Test Ratio

An Acid Test Ratio is a tool that gives an overview of a company’s ability to pay off any outstanding liabilities.