What It All Means: A Glossary of Family Business Terms

If you’re just beginning to investigate how to manage issues at the nexus of family and business, you may have encountered some terminology that’s unfamiliar to you. We provide some definitions and explanations here.

This glossary is adapted from a longer version that is distributed to attendees at Family Business Magazine’s Transitions conferences. The version presented here also includes some additional definitions.

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About the Author(s)

Peter Begalla

Peter Begalla is Family Business Magazine’s conference chairman and an adviser to business families.


Dennis Jaffe

Dennis T. Jaffe, Ph.D., is an adviser to families focusing on family business, governance, wealth and philanthropy. He leads Wise Counsel Research’s “100-Year Families” study.


Barbara Spector

Barbara Spector is Family Business Magazine's editor-at-large.


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