Cloud the bottom of the hierarchy. Clouds in the troposphere assume five physical forms based on structure and process of formation. These forms are commonly used for the purpose of satellite analysis. They are given below in approximate ascending order of instability or convective activity. "Non-convective" stratiform clouds appear in "stable" airmass conditions and, in general, have flat sheet-like structures that can form at any altitude in the troposphere. The stratiform group is divided by altitude range into the genera cirrostratus (high-level), altostratus (mid-level), stratus (low-level), and nimbostratus (multi-level). Fog is commonly considered a surface-based cloud layer. The fog may form
Term sheet sheet typically includes conditions for financing a startup company. The key offering terms in such a term sheet include (a) amount raised, (b) price per share, (c) pre-money valuation, (d) liquidation preference, (e) voting rights, (f) anti-dilution provisions, and (g) registration rights. It is customary to begin the negotiation of a venture investment with the circulation of a term sheet, which is a summary of the terms the proposer (the issuer, the investor, or an intermediary) is prepared to accept. The term sheet is analogous to a letter of intent, a nonbinding outline of the principal points which the stock