bankable: To be commercially viable, financeable, or acceptable to lenders and investors. Example: We need a bankable project structure before approaching the lenders.
back-of-the-envelope: A rough, preliminary estimate or calculation made without detailed analysis. Example: Based on a back-of-the-envelope calculation, the potential exposure is around USD 20 million.
off the hook: No longer responsible for something or no longer subject to liability, blame, or an obligation. Example: If the condition precedent is not satisfied, the Buyer may be off the hook.
one-off: Occurring only once; not intended to be repeated. Example: The parties agreed to make a one-off payment to settle the dispute.
blackline(aka “redline”): A document showing the changes made between two versions, typically using tracked changes or redlining. Example: I’ll circulate a blackline comparing our latest draft with the seller’s version.
winsorize: To limit the effect of extreme values in a dataset by replacing outliers with less extreme values. Example: We winsorized the data at the 1st and 99th percentiles before running the analysis.
reverse solicitation: A situation where the client initiates the contact or request for services, rather than being solicited by the service provider. Example: The exemption applies only where the transaction results from reverse solicitation.
substance-over-form approach: An approach that focuses on the economic or practical substance of a transaction rather than its legal or formal structure. Example: The regulator may apply a substance-over-form approach when assessing the arrangement.
bright-line test:A clear, objective rule that determines whether a legal standard is satisfied without requiring subjective judgment. Example: There is no bright-line test for determining whether a communication constitutes solicitation.