Succession Plan Financial Glossary

What is it? The basis for transfer of business ownership from one generation of managers to the next, often with the assistance of private equity.

Finance Term Definition Added By: Kayla

Send To Friends!

If you'd like to send the Succession Plan definition to yourself or to your friends/colleagues, just enter the e-mail addresses in the boxes below -

We hope you now understand the meaning of Succession Plan. If you need any more information on this term, please don't hesitate to contact us.

Other Similar Finance Terms:

Financial Term Liability Insurance is Insurance coverage that protects you against injuries you cause to other people, or damage you cause to their property.

Financial Term Approved Budget is The budget which has been approved by full council, adjusted to reflect in year virements (i.e. transfers between budgets).

Financial Term Mortgage is A loan made to help the borrower buy a house or land. The lender of a mortgage then holds the title to the house until the borrower pays off the agreed upon amount.

Financial Term Office of Thrift Supervision (OTS) is The office within the Department of Treasury that charters and regulates federal savings and loan associations, as well as controlling the system of Federal Home Loan Banks. Formerly called the Federal Home Loan Bank Board.

Financial Term BOW is Buy on weakness