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Small and Medium Enterprise (SME)

Small and Medium Enterprise (SME)

Small and mid-size enterprises (SMEs) are businesses with less than a certain amount of money, assets, or employees. Each country has its own definition of what constitutes a small and medium-sized enterprise. Certain size criteria must be met and occasionally the industry in which the company operates is taken into account as well. They outnumber large firms considerably, employ vast numbers of people and are generally entrepreneurial in nature, helping to shape innovation. Small and mid-size enterprises can exist in almost any industry, but it is more likely they reside within industries requiring fewer employees and requiring smaller upfront capital investments.

Impact Washing

Also sometimes referred to as “Green Washing,” Impact washing is when the social and/or environmental benefits or “impacts” of an inves...

Sophisticated Investor

In many countries, the financial market regulator or securities commission makes a distinction between “regular” investors and “s...

Social Impact Bonds (“SIB”)

Social-impact bonds, which are also called “pay-for-success contracts,” are not really bonds or fixed income securities in the traditio...

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