Description
Calculate a supplied pilot refund balance after delivered value and previous refunds.
Startup cash budgets distinguish available funds, committed outlays, restricted balances and expected receipts. Subtracting commitments can create a negative balance even while total cash remains positive; dividing by burn assumes a constant spending rate.
Calculate a supplied pilot refund balance after delivered value and previous refunds.
When to use this tool
Use Pilot Refund Liability Term when checking a supplied cash commitment, balance or runway contribution.
How to use the tool and how it works
- Enter prepayments, deliveredValue, refundableShare, priorRefunds. Use the units and conventions below.
- Run the tool. Correct any format, range, or cross-field input error before interpreting the output.
- Read remainingPrepayment, refundLiability. Use the output convention below.
Require nonnegative prepayments, deliveredValue <= prepayments and priorRefunds and refundableShare in [0,1]. remainingPrepayment = prepayments-deliveredValue; refundLiability = remainingPrepayment*refundableShare-priorRefunds.1
| Input field | Meaning and units | Accepted input |
|---|---|---|
| prepayments | Prepayments | Required. Finite number; minimum 0. |
| deliveredValue | Delivered Value | Required. Finite number; minimum 0. |
| refundableShare | Refundable Share Unit: 1. | Required. Finite number; minimum 0; maximum 1. |
| priorRefunds | Prior Refunds | Required. Finite number; minimum 0. |
| Output field | Interpretation | Returned shape |
|---|---|---|
| remainingPrepayment | Remaining Prepayment | Required. Finite number. |
| refundLiability | Refund Liability | Required. Finite number. |
{
"input": {
"prepayments": 1000,
"deliveredValue": 400,
"refundableShare": 0.5,
"priorRefunds": 100
},
"output": {
"remainingPrepayment": 600,
"refundLiability": 200
}
}Limitations and assumptions
- A negative liability is retained. This is supplied-policy arithmetic, not verified refund entitlement, revenue recognition or interpretation of pilot terms.
- Inputs must satisfy both the field types and the cross-field conditions above. Invalid input causes an error; a successful false flag or documented placeholder is a different result.
- Numeric calculations use binary floating point unless exact decimal-integer arithmetic is explicitly stated. No hidden measurement tolerance or decimal rounding is added; nonfinite or out-of-contract results are rejected. Numeric signed-zero results are exported as zero.
Alternative or Complementary methods
Use a dated cashflow forecast and the actual funding or payment terms when timing, changing burn or enforceability matters.
References
Similar or alternative tools
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