Payment Processing & Merchant Services Underwriting (Merchant) A processor’s review of a business before approving payment processing services.
Payment Processing & Merchant Services Void Cancelling a transaction before it settles, with no funds movement.
Preferred & Tiered Funding Cap Table A spreadsheet showing all equity holders and their ownership percentages.
Preferred & Tiered Funding Class A Units Senior equity units with priority distribution rights in a partnership.
Preferred & Tiered Funding Class B Units Junior equity units that participate in distributions after Class A.
Preferred & Tiered Funding Convertible Note Debt that can convert to equity, typically at a future financing event.
Preferred & Tiered Funding Convertible Preferred Preferred equity that can convert to common equity under specified terms.
Preferred & Tiered Funding Equity Kicker An equity participation added to a debt instrument as a return enhancer.
Preferred & Tiered Funding Hard Pref A non-cumulative preferred return that doesn’t accrue if unpaid.
Preferred & Tiered Funding Junior Tranche Lower-priority debt repaid after senior tranches, with higher yields.
Preferred & Tiered Funding Last Money In Late-stage capital with priority distribution rights to compensate for risk and timing.
Preferred & Tiered Funding Mezzanine Stack The mid-layer of capital between senior debt and equity in a deal.
