bigsocietycapital.com

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Definitions (31)

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Working Capital


 finance used to manage the timing differences between spending money and receiving it (income and expenditure).
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Unrestricted funds


 funds that can be used however and wherever an organisation needs to further its objectives.
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Underwriting


 a commitment, for a fee, by a lender or investor to provide financing if other sources fail.
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Standby or revolving credit facility


usually provided in the form of a loan where money can be drawn down over a certain period of time when an organisation needs it (if budgeted income does not materialise), rather than as one lump sum. [..]
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Social investment


 the provision and use of capital to generate social as well as financial returns.
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Social enterprise


 a social enterprise is a business with primarily social objectives whose surpluses are principally reinvested for that purpose in the business or in the community, rather than being driven by the nee [..]
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Social impact


There is no one definition of the term or concept, but social impact can be defined as the effect on people that happens as a result of an action or inaction, activity, project, programme or policy. T [..]
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Social impact bond


a form of outcomes-based contract in which public sector commissioners commit to pay for significant improvement in social outcomes (such as a reduction in offending rates, or in the number of people [..]
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Restricted funds


funds (often grants) that can only be used for a specific purpose or project and cannot be used for other purposes. These can also be referred to as ring-fenced or earmarked funds.
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Senior debt/loan


debt that takes priority over other unsecured or otherwise more junior (or subordinated) debt. In the event that the borrower organisation is wound up, senior debt theoretically must be repaid before [..]
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