Glossary of Terms on The Grid

The final (large) payment that repays all the remaining principal and interest of a partially amortized or unamortized loan.

Opportunity Zones are an economic development tool that allows people to invest in distressed areas in the United States.

Typically refers to companies with an enterprise value between $250 million and $1 billion

an agreement entered into between an employing entity and the bargaining representative of its employees.

The amount of money in an account at the beginning of a period, especially a month or year.

Typically refers to companies with an enterprise value between $1 billion and $5 billion.

Coronavirus disease (COVID-19) is an infectious disease caused by the SARS-CoV-2 virus.

A sole proprietorship is a type of business that is owned and run by one person and in

In a business setting, liabilities refer to money that a business owes its creditors.

Past service credit to employees for years they worked before the ESOP was established

An individual's capital investment in a property (e.g., a business) for tax purposes.

Sweat equity is ownership interest or an increase in value that is created as a direct

The solidarity economy is a global movement to build a just and sustainable economy.

When something appreciates, it increases in value. Most fixed assets depreciate

An arrangement which allows for the loan amount to be withdrawn, repaid, and

The balance of an account, such as a bank or credit card account, at the

Typically refers to companies with an enterprise value above $5 billion.

In the black means your business is turning a profit and not in debt.

In the red means your business is in debt and losing money.

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