Transaction Legalese Bingo!

How to play:

Visit Transaction Legalese Bingo and print one copy of this game card for each player, refreshing the page before each print, or have the players print their own bingo cards. These instructions will not be printed. You can also select an embeddable card only version of the game or a multiple card version of the game when playing on line, or with a smart phone.

Click/Mark each block when you see or hear these words and phrases. When you get five blocks horizontally, vertically, or diagonally, stand up and shout "BULLSHIT!!!". Or play as a drinking game and for every block you mark off, take a sip, and finish your drink each time you get five blocks in a row.

Framework AgreementOf the essenceStructureSPVDue Diligence Report
Asset-backedDeal MemoDeferred ConsiderationAt the end of the dayBallpark
outstanding issuesSecuritizationTRANSACTION LEGALESE BINGO
(free square)
Tag-AlongRevenue Participation
TimelineCall OptionShortfall OptionFloating ChargeCross- Collateralized
Shell companyConditions PrecedentSchedulesPre-signingCarve-out

Get your own card at