Funding Dictionary

Debt Term


Usury describes loans with excessive interest rates or fees, benefitting the lender and exploiting the borrower. Sometimes calling loan terms usury or usurious is a moral or ethical statement, sometimes it is a legal...

Debt Term

Credit Union

A credit union provides services similar to a bank, but is different in ownership: a credit union’s customers are also its owners. It is also “not-for-profit” in that any profit earned is used to help sustain and grow...

Grant Term


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...

Financial Term

Use of proceeds

If you are applying for a loan or fundraising for equity you will need to describe your use of proceeds: how will you use the money? Funders will be looking for very specific descriptions that match categories on either...

Follow us

Get in touch! We love meeting interesting people and making new friends.