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Glossary of Broadband Grant Terms

Confused about the terms you see in broadband grant applications and program guidance? You’re not alone! That’s why we made this helpful glossary for you, to help you quickly navigate broadband grants.

63-20 Financing Image

63-20 Financing

Aerial Fiber Image

Aerial Fiber
(Aerial Installation)

Affidavit Image

Affidavit

Affordable Connectivity Program Image

Affordable Connectivity Program
(ACP)

Asymmetric Image

Asymmetric

Attestation Image

Attestation

Average Revenue Per User Image

Average Revenue Per User
(ARPU)

BEAD Timelines Image

BEAD Timelines

Backbone Image

Backbone

Bandwidth Image

Bandwidth

Bank Loan Image

Bank Loan

Bit Image

Bit

Broadband Image

Broadband

Broadband Deployment Accuracy and Technological Availability Act Image

Broadband Deployment Accuracy and Technological Availability Act
(Broadband DATA Act)

Broadband Deployment Accuracy and Technological Availability Act Maps Image

Broadband Deployment Accuracy and Technological Availability Act Maps
(Broadband DATA Maps)

Broadband Equity, Access and Deployment Program Image

Broadband Equity, Access and Deployment Program
(BEAD Program)

Broadband Initiatives Program Image

Broadband Initiatives Program
(BIP)

Broadband Technology Opportunities Program Image

Broadband Technology Opportunities Program
(BTOP)

Buried Fiber Image

Buried Fiber
(Buried Fiber Deployment)

Byte Image

Byte

Cable Internet Image

Cable Internet
(Cable)

Capital Expenditures Image

Capital Expenditures
(Capex)

Capital Stack Image

Capital Stack
(Capital Structure)

Census Block Image

Census Block

Challenge Process Image

Challenge Process

Churn Rate Image

Churn Rate
(Churn)

Coaxial Cable Image

Coaxial Cable
(Coax)

Common Equity Image

Common Equity

Communications Act of 1934 Image

Communications Act of 1934

Community Anchor Institution Image

Community Anchor Institution
(CAI)

Conduit Financing Image

Conduit Financing

Connect America Fund Image

Connect America Fund
(CAF)

Connecting Minority Communities Pilot Program Image

Connecting Minority Communities Pilot Program
(CMC Pilot Program)

Consolidated Appropriations Act of 2021 Image

Consolidated Appropriations Act of 2021

Content Provider Image

Content Provider

Cooperative Image

Cooperative
(Co-op)

Customer Premises Equipment Image

Customer Premises Equipment
(CPE)

Data Packet Image

Data Packet

Debt Image

Debt

Demand Point Passed Image

Demand Point Passed
(DPP)

Digital Canyon Image

Digital Canyon
(Digital Divide)

Digital Subscriber Line Image

Digital Subscriber Line
(DSL)

Earnings Before Interest Taxes Debt and Amortization Image

Earnings Before Interest Taxes Debt and Amortization
(EBITDA)

Economic Development Incentive Image

Economic Development Incentive

Eligible Community Anchor Institution Image

Eligible Community Anchor Institution

Eligible Entity Image

Eligible Entity

Equity Image

Equity
(Shareholders’ Equity)

FCC Registration Number Image

FCC Registration Number
(FRN)

Feasibility Study Image

Feasibility Study

Federal Communications Commission Image

Federal Communications Commission
(FCC)

Fiber Image

Fiber

Fiber-to-the-Curb Image

Fiber-to-the-Curb
(FTTC)

Fiber-to-the-Home Image

Fiber-to-the-Home
(FTTH)

Fiber-to-the-Node Image

Fiber-to-the-Node
(FTTN)

Fiber-to-the-Premises Image

Fiber-to-the-Premises
(FTTP)

Formula Grant Image

Formula Grant

General Obligation Bond Image

General Obligation Bond
(GO Bond)

Grant Adjusted Yield on Cost Image

Grant Adjusted Yield on Cost
(Grant Adjusted YOC)

Grant Anticipation Note Image

Grant Anticipation Note
(GAN)

Guaranteed Bank Loan Image

Guaranteed Bank Loan

High Cost Area Image

High Cost Area

Incumbent and Competitive Local Exchange Carriers Image

Incumbent and Competitive Local Exchange Carriers
(ILEC)

Indefeasible Right of Use Image

Indefeasible Right of Use
(IRU)

Industrial Development Bond Image

Industrial Development Bond
(IRB)

Infrastructure Investment & Jobs Act Image

Infrastructure Investment & Jobs Act

Internet Protocol Image

Internet Protocol

Internet Service Provider Image

Internet Service Provider
(ISP)

Last Mile Image

Last Mile

Latency Image

Latency
(Ping)

Letter of Credit Image

Letter of Credit
(LOC)

Limited-Tax General Obligation Pledge Image

Limited-Tax General Obligation Pledge

Loan Image

Loan

Local Coordination Image

Local Coordination

Low-Cost Broadband Service Option Image

Low-Cost Broadband Service Option

Make Ready Work Image

Make Ready Work

Match Capital Image

Match Capital
(Match Funding)

Mezzanine Debt Image

Mezzanine Debt
(Mezz Debt)

Middle Mile Image

Middle Mile
(Backhaul)

Millimeter Wave Image

Millimeter Wave

Mobile Image

Mobile

Multiple Dwelling Unit Image

Multiple Dwelling Unit
(Multi-Dwelling Unit)

Municipal Bond Image

Municipal Bond
(Muni Bond)

National Telecommunications and Information Administration Image

National Telecommunications and Information Administration
(NTIA)

Network Node Image

Network Node

Nielsen’s Law of Internet Bandwidth Image

Nielsen’s Law of Internet Bandwidth

Notice of Funding Opportunities Image

Notice of Funding Opportunities
(NOFO)

Operating Margin Image

Operating Margin
(EBITDA Margin)

Optical Line Terminal Image

Optical Line Terminal
(OLT)

Optical Network Terminal Image

Optical Network Terminal
(ONT)

Outside Plant Image

Outside Plant

Packet Loss Image

Packet Loss

Peering and Transit Agreements Image

Peering and Transit Agreements

Point to Point Image

Point to Point

Preferred Equity Image

Preferred Equity

Project Finance Image

Project Finance

Public Utility Company Image

Public Utility Company
(Utility)

Public-Private Partnership Image

Public-Private Partnership
(PPP)

Revenue Bond Image

Revenue Bond

Revolving Credit Line Image

Revolving Credit Line
(Revolver)

Rural Digital Opportunity Fund Image

Rural Digital Opportunity Fund
(RDOF)

Rural Electrical Cooperatives Image

Rural Electrical Cooperatives
(RECs)

Rural Utility Service Image

Rural Utility Service

Satellite Internet Image

Satellite Internet

Secured Debt Image

Secured Debt

Security Image

Security

Senior Debt Image

Senior Debt

Simple Agreement for Future Equity Image

Simple Agreement for Future Equity
(SAFE)

Sub-Grantee Image

Sub-Grantee
(Subgrantee)

Subordinated Debt Image

Subordinated Debt
(Subordinated Debenture)

Symmetric Image

Symmetric

Take Rate Image

Take Rate

Tax-Exempt Debt Image

Tax-Exempt Debt

Taxable Debt Image

Taxable Debt

Telecommunications Act of 1996 Image

Telecommunications Act of 1996

Tier 1, 2, 3 Image

Tier 1, 2, 3

Tribal Broadband Connectivity Program Image

Tribal Broadband Connectivity Program

Underserved Location Image

Underserved Location
(Underserved)

Underserved Service Project Image

Underserved Service Project

Universal Service Fund Image

Universal Service Fund

Unlevered Returns Image

Unlevered Returns

Unlimited-Tax General Obligation Pledge Image

Unlimited-Tax General Obligation Pledge

Unsecured Debt Image

Unsecured Debt

Unserved Location Image

Unserved Location
(Unserved)

Unserved Service Project Image

Unserved Service Project

Upload and download Image

Upload and download

Wi-Fi Image

Wi-Fi

Wireless Image

Wireless

Working Capital Image

Working Capital
(Net Working Capital)

Yield on Cost Image

Yield on Cost
(YOC)