Jargon Buster


Angel Investor
See business angel.

Asset Lock
A legal clause preventing assets of a company being used for anything other than the stated purposes of the organization. In the case of a Community Interest Company (CIC) the asset lock is designed to make sure that the assets (including any profits or other supluses generated by its activities) are used for the benefit of the community and there are strict rules about what happens to any assets.

Something or someone of value that an entity owns, or of which it has the benefit or use of, that can be used to generate income e.g. a piece of machinery or the employees of a business.