Glossary
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Withdrawal Rights
An agreement established at the time of investment that allows the investor to withdraw its capital from the equity investment under certain agreed upon circumstances. In the context of PRIs, withdrawal rights are typically a function of expenditure responsibility and the requirement that the PRI recipient repays the private foundation in the event it fails to comply with the charitable terms of the investment.
Working Capital
The difference between an organization's assets that can be converted to cash within one year and liabilities payable within one year.
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