EIN (Employer’s Identification Number, TIN, Tax Identification Number)
A unique identification number that is assigned to a business entity so that they can easily be identified by the Internal Revenue Service. The Employer Identification Number is commonly used by employers for the purpose of reporting taxes. Also known as a Federal Tax Identification Number. When it is used to identify a corporation for […]
Equity (Common Stock or Preferred Stock, Shares)
Equity shares are stocks because they represent ownership in a company from which a stockholder can claim a proportionate share of the company’s assets and earnings. Two of the most common equities are Common Stock and Preferred Stock. A preferred stock is a class of ownership in a corporation that has a higher claim on […]
ERA (Exempt Reporting Adviser)
An investment adviser that is not required to register as an adviser with the Securities and Exchange Commission (“SEC”) or state regulator(s) if it meets certain qualifications, pays applicable fees, and reports public information through the Investment Advisor Registration Depository (“IARD”). Large Advisers (firms with $100M or more in regulatory Assets Under Management (“AUM”) that […]
ETF
Exchange Traded Fund, a marketable security that tracks an index, a commodity, bonds, or a basket of assets.
Exempt Offering
An exempt offering or transaction is a type of securities transaction where an SPV does not need to file registrations with any regulatory bodies. An exempt offering is a securities exchange that would otherwise have to register with the Securities and Exchange Commission (SEC) but does not because of the nature of the transaction in […]
Expense Reserve
An Expense Reserve is a separate account from the SPVs main bank account, oftentimes set up by the Organizer in the name of the Organizer, to collect funds from investors that will be used to pay the SPVs expenses. When an Organizer uses an Expense Reserve account each investor that wishes to participate in the […]