earnout

Noun.  (business, finance) A formula by which the management of a company earns a share of the company's share capital by achieving results above pre-determined levels.

This is an unmodified, but possibly outdated, definition from Wiktionary and used here under the Creative Commons license. Wiktionary is a great resource. If you like it too, please donate to Wikimedia.

This entry was last updated on RefTopia from its source on 3/20/2012.