Stratus cloud a region. Some call these clouds "high fog" for the fog-like cloud. While light rain may fall, this cloud does not indicate much meteorological activity. Stratus clouds form when a sheet of warm, moist air lifts off the ground and depressurizes, following the lapse rate. This causes the relative humidity to increase due to the adiabatic cooling. Stratus clouds look like featureless gray to white sheets of cloud. They can be composed of water droplets, supercooled water droplets, or ice crystals depending upon the ambient temperature. Stratus nebulosus clouds appear as a featureless or nebulous veil or layer of stratus
Term sheet 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 both preliminary, mostly non-binding