Glossary "S"

CAPITAL AND MORE GROUP INC.

"Flexible Commercial Finance"

Glossary "S"

Please click on an alphabetical link to go to the words in the glossary that start with that letter.

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

Securitization:

The bundling and resale of debt instruments to investors; permitted only for parties licensed and regulated by the SEC.

Servicing:

The collection of payments of interest and principal, and trust fund items such as fire insurance, taxes, etc., on a note by the borrower in accordance with the terms of the note. Servicing by the lender also consists of operational procedures covering accounting, bookkeeping, insurance, tax records, loan payment follow-up, delinquent loan follow-up and loan analysis.

Sole proprietorship:

A business owned and operated by an individual.

Subordination:

The act of a creditor acknowledging in writing that a debt due him or her by a debtor shall be inferior to the debt due another creditor by the same debtor.