{"@context":"https://schema.org","@type":"DefinedTerm","identifier":"startup.cap-and-discount","name":"Cap-and-discount","alternateName":["cap plus discount"],"description":"A convertible structure using both a valuation cap and a conversion discount, with the more favourable calculation often applying.","disambiguatingDescription":"Here “Cap-and-discount” means: A convertible structure using both a valuation cap and a conversion discount, with the more favourable calculation often applying.","url":"https://pitch.dog/startupwords/terms/cap-and-discount/","inDefinedTermSet":"https://pitch.dog/startupwords/","edition_status":"research-preview","family_version":"0.18.0","machine_readable_notice":"Definitions are educational reference material. Context, jurisdiction and professional practice may change the correct interpretation."}