Glossary of M&A Terms (including distressed M&A terms)

Agreement for protection from the execution of the right of separate satisfaction

Suggested Japanese translation: 別途権協定

Meaning: Agreement between the debtor and a holder of a security interest to allow continued use of the pledged property by the debtor.

Bankruptcy Act of Japan


Suggested Japanese translation: 破産法

Bankruptcy proceedings

Suggested Japanese translation: 破産手続

Meaning: Proceedings for liquidating a debtor's property, inherited property or trust property under the Bankruptcy Act of Japan.

Bid procedures letter

Suggested Japanese translation: スポンサー募集入札要綱

Meaning: Also known as a process letter, bid procedure letter, or process invitation letter. The letter typically provides information on the M&A auction schedule, instructions, and contact information for all future communication, as well as any terms that the bidders must include if they make an offer.

Cancellation of debt income

Suggested Japanese translation: 債務免除益


Suggested Japanese translation: 資本的支出

Meaning: Capital expenditure (CapEx) is a fund used to acquire, upgrade, and maintain physical assets, which is capitalized and shown on its balance sheet as an investment, rather than on its income statement as an expenditure.

Capital Asset Pricing Model (CAPM)

Suggested Japanese translation: 資本資産価格モデル