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MONTHS OF UNDESIGNATED UNRESTRICTED NET ASSETS
Number of months of truly liquid and unrestricted net assets available to meet daily needs.
Security instrument by which the borrower (mortgagor) gives the lender (mortgagee) a lien on property as collateral for the repayment of a loan.
The difference between total assets and total liabilities, effectively net worth. Net assets are categorized as unrestricted, temporarily restricted, or permanently restricted.
NET ASSETS RELEASED FROM RESTRICTIONS
The transfer of funds from restricted net assets to unrestricted net assets due to the satisfaction of donor-imposed stipulations with respect to timing or purpose of the contribution.
NET FIXED ASSETS, OR NET PROPERTY & EQUIPMENT
Net worth of property and equipment after accumulated depreciation.
Revenue and expenses not directly related to the organization’s program or other main activities. They can include capital campaign grants, expenses related to capital projects, gains/losses in the in
Debt that does not relate to the organization’s main business and program activities, or day-to-day operations (e.g. loans to finance fixed assets and buildings).
NON-OPERATING NET ASSETS
Temporarily restricted resources not directly related to the organization’s programs or activities, e.g., capital campaign funds.
Revenue not directly related to an organization’s programs or activities, such as capital receipts and temporarily or permanently restricted revenue.
A fee paid by the borrower on the average amount of the commitment that was not drawn or used. A typical non-use fee is 0.5%, or 50 basis points. Typically assessed on revolving lines of credit but ma
A document signed by the borrower evidencing the debt.
All costs relating to the rent, utilities, insurance and maintenance of program and office space.
A certificate signed by an officer of the corporation stating that at a duly called board meeting the referenced board resolution was adopted and that resolution remains in effect.
Items that relate to the organization’s main business or program activities. They may also be referred to as “above the line” activities (meaning they are included in the calculation of the operating
Debt to support the organization’s main business or program activities, and day-to-day operations (e.g. line of credit).