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Back to Glossary of Broadband Grant Terms

Simple Agreement for Future Equity

Also Known As: SAFE

An agreement between an investor and a company that provides rights to the investor for future equity in the company similar to a warrant, except without determining a specific price per share at the time of the initial investment.

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Next: Speed

Related Broadband Grant Terms

Common Equity Stock

Equity

Preferred Equity

Broadband Grant Terms

63-20 Financing

ACP Administrative Expenses Aerial Deployment Aerial Installation Affidavit Application Model Area Challenge Module ARPA ARPU Asymmetric Attestation

BABA Whitelist Compliant Equipment Backhaul Bandwidth Bank Loan BEAD Grant Cybersecurity Requirements BEAD Program BEAD Timelines BIP Bit Broadband Broadband Audit Broadband DATA Act Broadband DATA Maps Broadband Feasibility Study Broadband Service Provider Broadband Serviceable Locations BTOP Bulk Fabric Challenge Buried Fiber Deployment Byte

Cable CAF CAI Capex Capital Projects Program Capital Stack CBG Census Block Challenge Process Churn CMC Pilot Program Co-op Coax Common Stock Communications Act of 1934 Community Development Financial Institution Community Reinvestment Act Conduit Financing Connectivity Profile Consolidated Appropriations Act of 2021 Content Provider CPE

Data Packet Davis-Bacon Act (for BEAD)Debt Debt/EBITDA Digital Divide Digital Equity Act Programs Digital Inclusion DPP DSL DSRC

EBITDA EBITDA Margin Economic Development Incentive Eligible Community Anchor Institution Eligible Entity equity shares Ethernet Cable EV

Fabric FCC Feasibility Study Fiber Fiber to the Home Fiber to the home/premises/curb/node Final Proposal Formula Grant FRN FTTC FTTH FTTN FTTP

GAN GO Bond Grant Adjusted YOC Grant Revenue Anticipation Notes Gross Profit Margin Ground Deployment Guaranteed Bank Loan

High Cost Area

ILEC In-kind Matching Funds Indian Tribe Infrastructure Investment & Jobs Act Initial Funding Availability Initial Proposal Internet Exchange Facility Internet Protocol IRBs IRU ISP

Last Mile Legal Expenses Letter of Credit Limited-Tax General Obligation Pledge Loan LOC Local Coordination Low-Cost Broadband Service Option

Make Ready Work Match Funding Matching Funds for BEAD Grants MDU Challenge Module Mezz Debt Middle Mile Millimeter Wave Mobile Monitoring, Reporting and Performance Management Multi-Dwelling Unit Muni Bond

Native American Native Entity Net Working Capital Network Node Nielsen’s Law of Internet Bandwidth NOFO NTIA

OLT ONT Outside Plant

Packet Loss Peering and Transit Agreements Performance Bonds for BEAD Grants Ping Point to Point PPP Preferred Equity Private Activity Bonds Project Finance

RDOF ReConnect RECs Reliability Reliable Broadband Service Request for Initial Planning Funds Revenue Bond Revolver Rural Utility Service

SAFESatellite Internet Secondary Addresses Secured Debt Security Senior Debt Shareholders’ Equity Speed Speed Test Module State Subgrantee Subgrantee Selection Subordinated Debenture Subsidiarity Symmetric

Take Rate Tax-Exempt Debt Taxable Debt Telecommunications Act of 1996 The Good. The BEAD. The Ugly.Tier 1, 2, 3 Tribal Broadband Connectivity Program Tribal Data Sovereignty Tribal Government Tribal Land Trust Land

Underserved Underserved Service Project Universal Service Fund Unlevered Returns Unlimited-Tax General Obligation Pledge Unsecured Debt Unserved community Unserved Service Project Upload and download USS Utility

Wi-Fi Wi-Fi Router Wireless

YOC