What is napkin test?
Whether the entire recommendation can be distilled to its essential logic, briefly and clearly, on one page. If it needs a forty-page memo to be intelligible, it has not been synthesized.
Where you will use it: this term comes up in the Real Estate Finance course, and the full course glossary collects every term in one place.
Related terms
From the free Real Estate Finance course by Devon Coombs, CPA, MBA.