Definition

Stipulation

A written agreement between parties, often filed with a court, that records how a dispute was settled.

From the episode “97% of Lawsuits Never See a Courtroom”

Hear it on the podcast1 episode

Learn the language of AI-native founders

Every week: the new terms, tools, and workflows founders are using, straight from the podcast.

Related terms in Finance & Markets

Smart contractSelf-executing code on a blockchain that enforces rules automatically when conditions are met — the compliance layer Fairmint embeds into equity.Social CapitalismThe investment philosophy dominant among Millennials and Gen Z: evaluating opportunities by social impact and mission alignment before financial returns. Inverts the traditional transactional investor sequence (returns first, mission secondary) — the younger generation asks 'what is the impact?' and 'why does this exist?' before asking 'what is the yield?' CJ Follini frames this as the defining capital allocation behavior of the generations inheriting the Great Wealth Transfer. His pragmatic corollary: companies that structure around mission-plus-profit (modeled on AARP, not OpenAI's muddled nonprofit-to-capped-profit conversion) will attract the most capital from the next generation of investors.SPAC (Special Purpose Acquisition Company)A blank-check shell company created specifically to take a private company public by merging with it after the SPAC raises funds on a public exchange — bypassing the traditional IPO process. Latch went public via SPAC in 2021 during the peak of the SPAC boom, at a $1.5B valuation. Chamath Palihapitiya led the deal. SPACs offer speed and certainty versus IPOs but typically result in significant post-merger dilution.Specific BequestA named item or asset left to a specific person in a will. David recommends handling these in a separate non-binding rider so emotionally loaded decisions don't block completion of the will itself.Stop Rogue AI ActA 2026 bipartisan House bill directing NIST to set security standards for deploying AI agents.SUI (State Unemployment Insurance)A state-administered tax that recalculates annually based on claims, often surprising employers with retroactive bills.Tariff engineeringLegally adjusting a product's design, classification, or origin to reduce tariff exposure.Tax Credit SecuritizationThe practice of packaging clean energy tax credits generated by qualifying projects and selling them on secondary markets, similar to how other financial securities are traded. Project developers who lack the tax liability to use the credits sell them as revenue to investors who can. Creates a liquid market for government incentives and allows developers with no cost of goods sold to monetize the credits before projects generate operating cash flow.