Glossary

The International Swaps and Derivatives Association. An organization for those who participate in the market of over-the-counter derivatives.

Receivable from an affiliate. An affiliate is a company that is associated with, or effectively controlled by, our Borrower. The affiliation may be through direct ownership, common ownership, interlocking or overlapping directorship or management, or even a family relationship.

The analysis performed by a buyer to assess a potential acquisition against an established set of investment criteria. Usually a formal written document or slide presentation to the buyer's investment committee for deal approval.

An invoice is a commercial document that itemizes a transaction between a buyer and a seller. If goods or services were purchased on credit, the invoice usually specifies the terms of the deal, and provides information on the available methods of payment. An invoice is also known as a bill or sales invoice. 

An A/R aging schedule that categorizes the status of a company's A/R based on the length of the time that the invoice has been outstanding, instead of the due date on the invoice. 

When a person/business does not consent to file bankruptcy, they may be forced to declare bankruptcy through certain legal petitions made by its creditors.

A form of letter of credit that can't be cancelled nor in any way modified, unless all business parties agree to the proposed cancellation or modification.