Business terms and jargon explained. Your business dictionary
What is Locked box
When buying a business it is important that the buyer and seller agree and specify the assets and liabilities that will be taken on. Call a locked box so there is no surprise liabilities in the future.
Knowledge is the key to success. That is why we have gone to great lengths to get you these business terms, and to explain them in Plain English so it is very easy to understand. Getting the right understanding and knowing your business jargon will keep you informed among your peers.