Stratus cloud Stratus cloud Stratus clouds are low-level clouds characterized by horizontal layering with a uniform base, as opposed to convective or cumuliform clouds that are formed by rising thermals. More specifically, the term "stratus" is used to describe flat, hazy, featureless clouds of low altitude varying in color from dark gray to nearly white. The word "stratus" comes from the Latin prefix "strato-", meaning "layer". Stratus clouds may produce a light drizzle or a small amount of snow. These clouds are essentially above-ground fog formed either through the lifting of morning fog or through cold air moving at low altitudes over
Term sheet be a dangerous document unless it specifies very clearly, as it should, which portions are meant to be binding and which merely guide the discussion and drafting. Some portions of a term sheet can have binding effect, of course, if and to the extent an interlocutory memorialization is needed of some binding promises, that is, confidentiality of the disclosures made in the negotiation. The summary format of a term sheet, however, makes it less likely that any party will be misled into thinking that some form of enforceable agreement has been memorialized when it has not. Some important terms to