Glossary

18 draft definitions with practical examples, supporting the originator guide. More terms remain in the planned library.

Definitions and examples

2.Backup servicer

3.Borrowing base

4.Borrowing base certificate

5.Default interest

8.Eligibility criteria

9.Event of default

10.Internal rate of return

11.NAV facility

12.Security interest

14.Special purpose vehicle

16.Subscription line