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Back to Glossary of Broadband Grant Terms

Working Capital

Also Known As: Net Working Capital, NWC

Working Capital Banner Image

The difference between a company’s current assets—such as cash, accounts receivable/customers’ unpaid bills, and inventories of raw materials and finished goods—and its current liabilities, such as accounts payable and debts. A measure of a company’s liquidity and short-term financial health.

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Related Broadband Grant Terms

Capital Expenditures Image

Capital Expenditures

Broadband Grant Terms

#

63-20 Financing

A

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

B

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

C

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

D

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

E

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

F

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

G

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

H

I

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

L

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

M

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

N

Native American Native EntityNet Working CapitalNetwork Node Nielsen’s Law of Internet Bandwidth NOFO NTIA

O

OLT ONT Outside Plant

P

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

R

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

S

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

T

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

U

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

W

Wi-Fi Wi-Fi Router Wireless

Y