Liquidity refers to the efficiency or ease with which an asset or security can be converted into cash without affecting its market price. The most liquid asset of all is cash itself. This also includes how fast a business sale will result in cash to the selling owner.

The Doughnut is two rings: a social foundation, meeting essentials for all people, and an ecological ceiling, to ensure that humanity does not overshoot the planetary boundaries of human habitability. Between these two is a doughnut that is ecologically safe and socially just.

The NMTC Program incentivizes community development and economic growth through the use of tax credits that attract private investment to distressed communities.

The Price-to-Earnings (P/E) ratio is a fundamental metric used to assess a company's stock valuation by comparing its current share price to its earnings per share (EPS). The P/E ratio helps determine if a stock is overvalued or undervalued relative to its earnings.

The Employee Equity Investment Act (EEIA) aims to use the SBA's SBIC program to guarantee loans for investment funds supporting employee ownership.

Preferred stock represents ownership in a company with higher claims on dividends and asset distribution compared to common stock.

The debt-to-equity (D/E) ratio is a crucial financial metric used to assess a company's financial leverage by dividing its total liabilities by shareholder equity. This ratio indicates the extent to which a company funds its operations through debt rather than its own resources.

Venture capital (VC) is a form of private equity and a type of financing for startup companies and small businesses with long-term growth potential.

A commercial loan is a debt-based funding arrangement between a business and a financial institution such as a bank.

An autonomous association of persons united voluntarily to meet their common economic, social and cultural needs and aspirations through a jointly owned and democratically-controlled enterprise

A non-EO business owner who has become curious about EO, and is willing to continue exploring this option for business succession planning purposes.

Intellectual property encompasses a wide range of intangible assets legally owned and protected from unauthorized use or reproduction. IP includes trademarks, patents, copyrights, and trade secrets, and drive competitive advantage during innovation.

Refers to businesses who have qualified with the SBA as certified veteran-owned small businesses

A Simple Agreement for Future Equity (SAFE) offer future equity rights without immediate valuation, making them popular for early-stage startup funding. These were introduced by Y-Combinator in 2013 and these convert into equity during funding rounds or acquisitions.

Regulation Crowdfunding enables eligible companies to offer and sell securities through crowdfunding.

Post Growth Entrepreneurship (PGE) redefines business as an avenue for activism, art, spirituality, and creative expression. It promotes sustainable business practices that prioritize social and environmental impact over traditional growth metrics like scaling and investor returns.

CAFE is a novel financial instrument aimed at enhancing community engagement in company success introduced by Fairmint. Developed in collaboration with legal experts, CAFE offers enhanced control for founders, equity access for stakeholders, and liquidity for investors.

A leveraged buyout (LBO) is when one company acquires another using mostly borrowed money, often secured by the assets of both companies.

The Worker Ownership, Readiness, and Knowledge (WORK) Act, part of the SECURE 2.0 Act of 2022, aims to promote and support worker-owned businesses in the U.S.

IRR, or internal rate of return, is a metric used in financial analysis to estimate the profitability of potential investments. IRR is a discount rate that makes the net present value (NPV) of all cash flows equal to zero in a discounted cash flow analysis.

Wealth inequality is a global phenomenon in which the rich are growing richer, and the poor poorer.

E2C advocates for an alternative approach to the traditional startup exit strategy of acquisition or IPO. E2C proposes that startups mature into community ownership, where stakeholders collectively own and govern the company.

Blended finance lets investors choose different risk tolerances while all participating in the same project. Often used in real estate transactions, it is also proving to be an effective way to get capital to critical, but hard-to-fund projects.

EBSA ensures the security of the retirement, health, and other job-based benefits of America's workers and their families; they develop effective regulations, assisting and educating workers, plan sponsors, fiduciaries, and service providers, and vigorously enforce the law.

An EO transaction in which < 100% of the company stock is sold to employee owners, whether through installation of a trust, or a new worker-owned co-op. This has strategic and taxation considerations.

A NSO is a type of employee stock option wherein you pay ordinary income tax on the difference between the grant price and the price at which you exercise the option. They are called non-qualified because they do not meet the requirements of the IRC to be qualified as ISOs.

A Zebra Company represents a humane alternative to traditional tech unicorns. Unlike unicorns that prioritize maximizing shareholder value, zebras focus on principles like mutualism, shared property, and multi-stakeholder value.

The idea of popular education (often described as "education for critical consciousness") as a teaching methodology came from a Brazilian educator and writer named Paulo Freire, who was writing in the context of literacy education for poor and politically disempowered people in his country

An examination of records or financial accounts to check their accuracy.

The fixed asset turnover ratio measures how effectively a company uses its fixed assets, like property and equipment, to generate sales. It's calculated by dividing net sales by the average balance of fixed assets.