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The Seller’s Playbook

Glossary · Part 2, Going to Market

Working capital peg

The target level of day-to-day operating capital the seller must deliver at closing. Landing above or below it adjusts the cash the seller receives.

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.