It featured in the news that Sunanda Pushkar had on her own surrendered the sweat equity offered to her by Rendezvous Sports World, a member of the consortium that won the Kochi Indian Premier League (IPL) franchise.
So, what is sweat equity? Here is what Wiki has to say:
Sweat equity is a term used to describe the contribution made to a project by people who contribute their time and effort. It can be contrasted with financial equity which is the money contributed towards the project. It is used to refer to a form of compensation by businesses to their owners or employees. The term is sometimes used in partnership agreements where one or more of the partners contributes no financial capital. In the case of a business startup, employees might, upon incorporation, receive stock or stock options in return for working for below-market salaries (or in some cases no salary at all).
