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Automated Reporting & Compliance (ARC)

Track milestones, validate every passing, automate reimbursements, and generate NTIA-ready reports in one secure system.

Ready State Platform

The State Broadband Office software solution. Optimize your BEAD & CPF grants.

Ready Application Processor and Portal (APP)

End-to-end application management, from intake to award.

Performance Test & Survey

Get the empirical, NTIA-compliant acceptable evidence you need.

Challenge Process Coordinator

Run efficient, data-driven, and compliant challenge processes.

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Broadband software and funding news.

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Understand the key terms driving digital infrastructure.

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Learn from expert-led events and sessions.

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Join the broadband community.

BEAD Tracker

Follow state-by-state BEAD implementation.

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Help shape the future of digital infrastructure.

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Back to Glossary

Unlevered Returns

The implied rate of return a company expects to earn without the effect of debt.

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Related Terms

Digital Infrastructure Terms

6D Attack Methodology 63-20 Financing

95th Percentile Latency Rule

ACP Administrative Expenses Aerial Deployment Aerial Installation AI Edge Node Annual Outage Allowance Application Model Area Challenge Module ARPA ARPU Assassin's Maces Assassin's Maces (杀手锏, Shashoujian)Asymmetric Autonomous Recovery

BABA Whitelist Compliant Equipment Backhaul Bandwidth BEAD Grant Cybersecurity Requirements BEAD Program BEAD Supporting Funds BEAD Timelines BIP Bit Blended Domains 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

Cable CAF CAI CAP Capex Capital Projects Program Capital Stack Cascading Failure CBG Census Block Challenge Process Clawback Provisions 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 Contested Logistics CPE

Data Packet Davis-Bacon Act (for BEAD)Debt/EBITDA Digital Contested Logistics Digital Divide Digital Equity Act Programs Digital Inclusion Digital Infrastructure Digital Infrastructure as a Strategic Target Digital Sovereignty Disaster Exemption Standard DPP DSL DSRC

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

Fabric False Confidence Paradox FCC FCC 80/80 Feasibility Study Fiber Fiber to the Home Fiber to the home/premises/curb/node Final Proposal Final Proposal Submission Five-Year Action Plan Formula Grant FRN FTTC FTTH FTTN FTTP

GAN GO Bond Graceful Degradation 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 IXP

Kessler Cascade

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 Micro DC Middle Mile Millimeter Wave Mission-Critical Ruggedization Mobile Multi-Dwelling Unit Multi-Modal Network Multi-Modality Muni Bond

Native American Native Entity Net Working Capital Network Node NOFO NTIA

OLT ONT Outside Plant

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

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

SACs SAFE Satellite Internet Secondary Addresses Secured Debt Security Senior Debt Service Continuity During Compromise Shareholders’ Equity Speed Speed Test Module State Strategic (High Altitude) EMP Subgrantee Subgrantee Selection Subordinated Debenture Subsidiarity Symmetric

Tactical (Close Range) EMP Take Rate Tax-Exempt Debt Taxable Debt Telecommunications Act of 1996 The Good. The BEAD. The Ugly.Three-Legged Stool Model Transmission Diversity Tribal Broadband Connectivity Program Tribal Data Sovereignty Tribal Government Tribal Land Trust Land

Underserved Underserved Service Project Universal Service FundUnlevered ReturnsUnlimited-Tax General Obligation Pledge Unsecured Debt Unserved community Unserved Service Project Upload and download USS Utility

Wi-Fi Wi-Fi Router Wireless

YOC