Category - Dictionary

Grant Term

501(c)(3)

The US Internal Revenue Service (IRS) tax code defines tax-exempt organizations, and IRS code 501(c)(3) defines the rules that charitable tax-exempt organizations must follow. See for lots of gory details! Many grants...

Equity Term

Accelerator

An accelerator is a limited duration program designed to assist young high potential companies. Accelerators are offered to a cohort – a class that goes through the program together – with usually 8 to 15 companies per...

Financial Term

Accounting

Accounting is both the body of knowledge and the practice related to recording the many financial transactions of businesses and other organizations such as governments and non-profits. Accounting covers issues such as...

Financial Term

Accounts Payable

Accounts Payable is a standard accounting category on a company’s balance sheet that includes all of your due bills – in accounting-speak, obligations to pay for goods and services received. These are sometimes called...

Financial Term

Accounts Receivable

Accounts Receivable is a standard accounting category on a company’s balance sheet that represents money owed by customers for products delivered or services used that they haven’t yet paid for. While it may not feel...

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