Accredited Investor – Anyone who has earned income that exceeded $200,000 (or $300,000 together with a spouse) in each of the prior two years, and reasonably expects the same for the current year, OR has a net worth over $1 million, either alone or together with a spouse (excluding the value of the person’s primary residence). These requirements, set forth by the SEC, help to ensure that investors are financially endowed enough to recover from potential losses with regards to their investments. These SEC conditions may change from time to time, so investors should consult their their financial or attorneys for advice.

Capital Gains – Profits from the sale of an asset — shares of stock, a piece of land, a business — generally considered taxable income.

Census Tract – An area roughly equivalent to a neighborhood, established by the Bureau of Census for analyzing populations.

Crowdfunding – Any method that seeks many investors for a business or project instead of just a few.

SEC – The U.S. Securities and Exchange Commission (SEC) is an independent federal government regulatory agency responsible for protecting investors, maintaining fair and orderly functioning of the securities markets, and facilitating capital formation.