Discount
In finance, a discount refers to the condition where the price of a bond or security is lower than its par or face value. The discount is the difference between the price paid for the security and its par value. In the context of a convertible note, the discount refers to the percentage reduction applied […]
Distribution
A payment made by a company to its shareholders, which may consist of stock, cash, or other assets such as crypto tokens. In the context of an SPV, a distribution refers to the allocation of capital gains and income from a portfolio company to the SPV investors. SPVs receive distributions from assets, such as portfolio […]