An Asset-Backed Medium-Term Note (ABMTN) is a type of debt security that is secured by a pool of assets and typically has a maturity period ranging from one to ten years.
A bearer bond, also known as a coupon bond, is a type of debt security that is not registered in the name of the owner. Instead, it is payable to whoever holds it (i.e., the bearer). Bearer bonds come with attached coupons that the bondholder must clip and present for interest payments.
A Bill of Sale is a legal document transferring ownership of goods or property from one party to another. It can serve as security for a debt or as absolute proof of a sale.
Collateralize refers to the action of pledging assets to secure a debt in the USA. If the borrower defaults on the terms and conditions of the agreement, the pledged assets will be forfeited.
A security representing money borrowed that must be repaid, typically having a fixed amount, specific maturity, and usually a specific rate of interest or an original purchase discount.
To pledge something as security without turning over possession of it. Hypothecation creates a right in the creditor to have the pledge sold to satisfy the claim out of the sale proceeds.
An Income Bond is a type of debt security where the payment of interest is contingent upon the issuer having sufficient earnings over a year. These bonds do not accrue interest and are used to prevent bankruptcy.
An involuntary lien is a legal claim against a property that is imposed without the owner's consent to secure the payment of debts such as unpaid taxes, special assessments, or other obligations.
Lien-theory states are states in which the laws give a lien on property to secure debt, as opposed to title-theory states where the lender becomes the title owner of the property.
A Medium-Term Note (MTN) is a type of debt security that generally matures in five to ten years, offering issuers flexible financing and investors a range of maturities and interest rate structures.
In the United States, a mortgage bond is a type of bond secured by a real asset, such as land or property. These bonds often include provisions defining the prioritization of claims in case of default.
A mortgagee is an entity or individual that holds a lien on or title to a property as security for a debt, typically a lender.
A secured creditor holds a financial interest, either through a fixed or floating charge, over the assets of a debtor, providing a level of security for the creditor's investment by granting the right to seize or sell these assets if the debtor defaults.
A specific lien is a charge or encumbrance against a specific piece of property that secures the payment of a debt tied directly to that property.
