EDGAR (SEC Filing System)
EDGAR is the U.S. Securities and Exchange Commission’s online system for submitting and publicly accessing required filings. For SPVs, EDGAR is where organizers file a
SPV Dictionary
This Special Purpose Vehicle (SPV) Dictionary serves as a comprehensive resource for understanding the terminology associated with these financial instruments. SPVs, by their nature, can involve a complex interplay of legal, accounting, banking, tax, compliance, and administrative considerations. This dictionary aims to provide clear and concise definitions for the key terms encountered in the context of SPVs.
EIN (Employer’s Identification Number, TIN, Tax Identification Number)
A unique identification number assigned to a business entity by the Internal Revenue Service (IRS) for tax reporting purposes. Commonly referred to as a Federal
Equity (Common Stock or Preferred Stock, Shares)
Equity refers to ownership in a company, typically represented by stock, that entitles the shareholder to a proportionate share of the company’s assets and earnings.
ERA (Exempt Reporting Adviser)
An Exempt Reporting Advisor is an investment adviser that is not required to register (like a Registered Investment Advisor) with the Securities and Exchange Commission
Estimated Closing Date
The projected date by which the SPV Organizer anticipates completing the capital raise to reach the target fundraise amount. This date is significant for all
ETF
A marketable security that tracks the performance of an index, commodity, bonds, or a basket of assets. ETFs are traded on stock exchanges and offer
Exempt Offering
A securities transaction in which an SPV is not required to register with regulatory bodies, such as the Securities and Exchange Commission (SEC). Exempt offerings
Expense Reserve
An Expense Reserve is a separate account, typically established by the SPV Organizer in the Organizer’s name, used to collect funds from investors specifically for