Back to Glossary of Broadband Grant Terms

Letter of Credit

Also Known As: LOC

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A letter from a bank guaranteeing that a buyer's payment to a seller will be received on time and for the correct amount. In the event that the buyer is unable to make a payment on the purchase, the bank will be required to cover the full or remaining amount of the purchase.

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Related Broadband Grant Terms

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Secured Debt

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Unsecured Debt

Broadband Grant Terms

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63-20 Financing

A

ACP Aerial Installation Affidavit Application Model ARPA ARPU Asymmetric Attestation

B

Backhaul Bandwidth Bank Loan 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

D

Data Packet 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 Gross Profit Margin Guaranteed Bank Loan

H

I

ILEC Indian Tribe Infrastructure Investment & Jobs Act Initial Funding Availability Initial Proposal Internet Exchange Facility Internet Protocol IRBs IRU ISP

L

Last Mile Limited-Tax General Obligation Pledge LoanLOCLocal Coordination Low-Cost Broadband Service Option

M

Make Ready Work Match Funding Mezz Debt Middle Mile Millimeter Wave Mobile Monitoring, Reporting and Performance Management Multi-Dwelling Unit Muni Bond

N

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

O

OLT ONT Outside Plant

P

Packet Loss Peering and Transit Agreements Ping Point to Point PPP Preferred Equity 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 State Subgrantee Subgrantee Selection Subordinated Debenture Subsidiarity Symmetric

T

Take Rate Tax-Exempt Debt Taxable Debt Telecommunications Act of 1996 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 Utility

W

Wi-Fi Wi-Fi Router Wireless

Y

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