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 company’s payment of stock, cash or physical products (like crypto tokens) to its shareholders. For an SPV, a distribution is typically an allocation of capital gains and income from a portfolio company to its investors. SPVs will receive distributions from an asset, like a portfolio company investment and in turn make pro rata distributions […]