- Sweetheart Deal
- A merger, a sale or an agreement in which one party in the deal presents the other party with very attractive terms and conditions. The terms of a sweetheart deal are usually so lucrative that it is difficult to justify turning the offer down.
This term can be used to describe a variety of deals, but in general, a sweetheart deal is a transaction that simply can't be passed up. For example, a merger may be a sweetheart deal for the top executives of the target firm because they get very healthy buyout packages. This kind of sweetheart deal is usually considered unethical, however, because it may not be in the best interests of shareholders.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
sweetheart deal — UK US noun [C] DISAPPROVING COMMERCE ► an agreement between two organizations that offers advantages to both but is unfair to competitors: »The oil magnate accused the state owned oil company of overpaying for a smaller company in a sweetheart… … Financial and business terms
Sweetheart deal — The term sweetheart deal or sweetheart contract is used to describe an abnormally favorable contractual arrangement. A golden parachute is an example of a type of sweetheart deal. It is frequently used in describing deals involving government… … Wikipedia
sweetheart deal — The term sweetheart deal is used to refer to an abnormally lucrative arrangement between two parties. Opponents say the contract was awarded to the builder as part of a sweetheart deal, and is therefore illegal … English Idioms & idiomatic expressions
sweetheart deal — noun A transaction, contract, or other agreement in which one party provides particularly favorable terms to the other, especially in suspicious circumstances. Steven Matthews, described the lease last week as a sweetheart deal that gives too… … Wiktionary
sweetheart deal — noun, pl ⋯ deals [count] chiefly US : an unusually good arrangement or agreement that helps someone who has a lot of influence or who knows someone important He got a sweetheart deal on the new job/car because he knows the manager … Useful english dictionary
sweetheart deal — n. a deal made between friends so that both may profit well. (Such deals usually involve illegal or unethical practices.) □ They found that the mayor was involved in a number of sweetheart deals. □ Most of the general contractors in town would be … Dictionary of American slang and colloquial expressions
sweetheart deal — /ˈswithat dil/ (say sweethaht deel) noun a private agreement reached between two parties, as an employer and a trade union, to their mutual advantage, often made without proper regard for other parties affected or society as a whole: *governments … Australian English dictionary
sweetheart deal — A mutually profitable but illegal arrangement, usually between a business and a government agency … American business jargon
sweetheart — sweet‧heart [ˈswiːthɑːt ǁ hɑːrt] adjective [only before a noun] a sweetheart deal, contract, agreement etc is unfair because it gives people who know each other well or have a lot of influence an unfair advantage: • Some executives have been… … Financial and business terms
sweetheart contract — ☆ sweetheart contract n. a contract arranged by collusion between union officials and an employer with terms disadvantageous to union members: also sweetheart deal or sweetheart agreement … English World dictionary