Pledging collateral identified an asset or property..

Mechanism for converting junk grade bonds into an investment grade asset based securities (ABS). Debt financing. In this process a bank’s portfolio of low-rated bonds, as the underlying collateral for an issue

Asset backed security (ABS), structured like a collateralized bond obligation (CBO). Instead of its bonds, it is based on a bank’s portfolio of personal loans.

A SECU RITIZATION structure that repackages pools of MORTGAGE BACKED SECURITIES, WHOLE LOANS, or mortgagebacked STRIPs into TRANCHES with specific RISK and return (YIELD) profiles. CMO structures are available in many different

Asset backed security (ABS), structured like a collateralized bond obligation (CBO). Instead of being based on its bonds, it is based on a bank’s or a governmental agency’s portfolio of mortgage loans.

A known employee or peer in the same profession, business or organization. Known also as coworker.

Charges for transportation owed by the consignee, be it a shipment or a delivery. Known also as charges collect, charges forward, or freight collect.

Goods transported out using free on board (FOB), terms.

Items such as antiques, art, books, coins, that are rare and valuable, bought for their potential future worth as an investment. This worth usually increase in inflationary times and deceases in deflationary

1. In General, this is a process for recovering delinquent amounts owed to a firm by a customer. 2. In Banking: this is the (1). presenting a check or draft as payment,

Time a firm takes to collect its accounts receivables. Stated as an average number of days. It is the period between delivering an invoice and receiving the payment.

Group’s steps or actions while working toward a common goal. When individuals engage in collective action, the strength of the group’s resources, knowledge and efforts combines all parties to more readily achieve

Every member’s responsibility regardless of an individual member’s involvement in decisions or the member’s position or rank. Refer also to consensus and doctrine of individual responsibility.

A statement of accomplishment given by a college to students attending and completing a higher learning institution rigor in specific areas of study. This means that required credits have been obtained. Several

The release of the renting firm’s right to recover collision damages from the person renting the vehicle. Optional insurance on a policy, sold typically through auto rental firms, covers this.

Amount an insured pays out-of-pocket and deducted from an awarded insurance claim. This is typically a fixed sum, or a percentage of the total claim amount set when claiming insurance for a

More that one shipment from more than one shipper with the same destination , combined as one load for shipping.

Relative density or luminance of all colors involved in a multicolored image is about the same with no one color dominating. Characteristic of a multicolor image.

1. Vertically-scoped area, block or section of printed text; separated from other blocks or sections by either a blank space or a fine-ruled line. A construct in a publication such as a

Record book of accounting transactions. To facilitate the entry of numbers, the journal is divided into columns.