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The Seller’s Playbook

Glossary · Part 1, Before You Go to Market

Basket

A threshold of claims that must be reached before a buyer can recover from the seller after closing. A deductible basket means the seller pays only above the threshold; a tipping basket means the seller pays from the first dollar once it is crossed.

Where it shows up in the book

Look it up in a sentence, then read the chapter

Nothing in the book needs a dictionary of jargon to follow, but when a piece of deal language shows up, this is where it is defined. The chapters hold the reasoning.