SIB
Social impact bond (SIB) is more of a contract rather than a bond made with the governing authority or the public sector. It essentially pays to achieve better social outcomes. The reason why it is not strictly a bond is because if the desired social outcome is not achieved the return on investment or repayment will not go back to the investors. The reason for the name is that it aims for social impact and not only to the financial return on their investment.
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Parity
Parity is defined as:
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