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 founders and venture capitalists: Term sheet A term sheet is a bullet-point document outlining the material terms and conditions of a business agreement. After a term sheet has been "executed", it guides legal counsel in the preparation of a proposed "final agreement". It then guides, but is not necessarily binding, as the signatories negotiate, usually with legal counsel, the final terms of their agreement. A term sheet implies the conditions of a business transaction, as proposed by a party. It may be either binding or non-binding. Term sheets are very similar to "letters of intent" (LOI) in that they are