Home Categories Business Jargon An arm’s length transaction is a business transaction involving parties acting independently of each other. “Boil the ocean” means to take on an impossible task or to make a task unnecessarily difficult. A Chinese wall is a business term used to describe a virtual barrier erected to block the exchange of information between departments of a company. Force majeure - a clause that is included in contracts to remove liability for unforeseen and inevitable disasters that violate the expected course of events and prevent the participants from fulfilling their obligations. Garden leave is a transitional period for employees who give or receive notice of termination, leaving them on the payroll but away from the workplace. A gazelle company is a young, high-growth enterprise with a base income of at least $100,000 and steady revenue growth for four years. Gentlemen’s agreements are informal, unwritten agreements between two parties to complete a transaction or other obligation. Golden parachutes are lucrative severance payments written into the contracts of top managers that compensate them when the contract is terminated. The bona fide money acts as collateral to complete the purchase. Groupthink is a phenomenon in which people lose sight of potential problems in the pursuit of consensus thinking.