{"iri":"https://lexicon.financial/ext/concept/MaterialAdverseChange","label":"Material Adverse Change","definition":"A contractual condition letting a buyer walk from a signed M&A deal if the target's business, assets, or financial condition deteriorates materially between signing and closing — typically excluding industry-wide or macroeconomic events. Heavily negotiated; rarely successfully invoked, but its existence shifts deal risk to the seller.","license":"https://spdx.org/licenses/MIT","source":"ext","source_url":"https://lexicon.financial/ext/"}