Glossary
Welcome to SFNet's Secured Finance Glossary of industry terms. Currently the SFNet Glossary has over 400 industry terms and definitions. You can search specific terms in the search tool above, or use the alpha tool below and progress on the paginations.
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A/P Aging 
The accounts payable aging report categorizes payables to suppliers based on time buckets.
A/R Aging
An accounts receivableagingis a report that lists unpaid customer invoices and unused credit memos by date ranges.
A/R Concentration
AR Concentrations is a term used to describe the largest customers of a borrower. AR Concentrations represent a credit risk to lenders in two different ways.
ABL Lite
ABL lite refers to Asset Based Loans that do not utilize all of the controls, reporting or other tools typically found in a closely monitored ABL Loan.
ACH (Automated Clearing House)
An electronic network used to process financial transactions between two parties, including disbursements for payroll, vendors, and taxes.
Accordian
A feature of some loan agreements that allows the borrower to add a new term loan tranche or increase the revolving credit loan commitments under an existing loan facility up to a specified amount under certain terms and conditions.
Account
"Account", is defined in Article 9 of the UCC. It is the legal term for what a lender would typically call an Account Receivable.
Account Debtor
Account debtor means a person responsible on an account, chattel paper, or general intangible.