Glossary
Failure to meet the terms of an obligation.
A specific type of term loan that permits the borrower to make several borrowings over a set period of time to utilize the full amount of the loan.
Cash or certificate of deposit in a bank or other financial institution
An agreement outlining the terms of a transaction that transfers funds to another party for safekeeping as security or collateral.
The systematic allocation of the acquisition cost of long-lived or fixed assets to the expense accounts of particular periods that benefit from the use of the assets. Depreciation is a non-cash expense.
The projection of costs to develop a real estate project. Covers the planning, acquisition and construction period, until the project is sold or rented up.
To provide public services in developing countries, development impact bonds are an adaptation of social impact bonds--money from investors is channeled to local public and private service providers. If they achieve set results, the government and donors repay the investors plus a financial return linked to performance.
A pro rata distribution of a company's earnings, with amounts determined by the terms associated with the particular class of the investor.
A donor-advised fund is a separately identified fund or account maintained and operated by a public charity exempt from tax under Code Section 501(c)(3) (the sponsoring organization). It is a vehicle that gives donors the opportunity to contribute to a charitable organization on a tax-deductible basis, enjoy philanthropic rewards in an advisory capacity, and limit personal administrative responsibility.
A donor stipulation that specifies a future and uncertain event whose occurrence or failure to occur gives the promisor a right of return of the assets it has transferred or releases the promisor from its obligation to transfer its assets.
Have a question, website feedback, or idea to make our services better?