Trigger Event
Definition
A Trigger Event is a specific condition or event that activates a clause in a financial agreement, such as the achievement of a milestone or a change in leadership, which can have implications for startup financing.
Benefits
A trigger event indicates when specific conditions in agreements are met, guiding actions.
Frequently Asked Questions
What is a trigger event in financial services? A trigger event is a specific event that activates a clause in a financial agreement, like a loan being called due.
What is a trigger event in a contract? A trigger event in a contract is a specific occurrence that activates certain provisions or actions, such as payments or penalties.
What is a triggering event in the entrepreneurial process? A triggering event in the entrepreneurial process is a major event that pushes someone to start or change a business, like spotting a market opportunity or losing a job.
Summary
A trigger event signals when specific conditions in agreements are met, guiding necessary actions.