Remedy or redress for historic or continuing wrongs; the precise legal, political and economic basis depends on the relevant claim or settlement.
The basis on which a person or community is recognised as a beneficiary of reparatory justice. It is separate from bond ownership.
The proposed funded debt instrument through which capital would be advanced to the issuer under final contractual terms.
The project's proposed unfunded precursor: a coded future commitment with £0 paid and £0 interest at the latent stage.
The stated amount represented by the bond unit. At the latent stage it is not cash already received.
Amount actually advanced under a funded debt obligation and repayable according to its terms.
Contractual compensation, if any, for the use of funded capital. No rate exists in the prototype.
Date or event at which principal becomes due under final terms.
Repayment or retirement of a funded bond according to its contractual provisions.
Failure to perform an obligation defined as a default under the final contract.
Reparation Nation Limited incubates and tests the prototype, gathers data and supporter experience, and helps expose the practical requirements for the future system.
The entity that would create the funded debt obligation under final terms. The intended future international operational authority is IBIS, subject to the final lawful and institutional structure.
Person or entity recorded as holding the relevant bond rights under the final system; bondholding does not confer reparations entitlement.
The proposed controlled transition from unfunded latent record to funded obligation after required legal, compliance, payment, accounting and register conditions are satisfied.
Controlled record of coded bond data and lifecycle events.
Process of proving that payment, accounting and register evidence agree.
Contractually defined order in which available funds are applied to obligations. The prototype waterfall remains illustrative.