Glossary
Fiduciary Duty
A legal obligation of one party to act in the best interest of another
Financial Modeling
The task of building an abstract representation (a model) of a real-world financial situation
Franchise
The authorization granted by a company to an individual or group enabling them to carry out specified commercial activities
Funding Rounds
The stages through which startups obtain investment to grow the business, often categorized as seed, Series A, B, C, etc