Welcome to SFNet's Secured Finance Glossary of industry terms. Currently the SFNet Glossary has over 400 industry terms and definitions. You can search specific terms in the search tool above, or use the alpha tool below and progress on the paginations.
Marginal cost is the cost of the next unit or one additional unit of volume or output. In general terms, marginal cost at each level of production includes any additional costs required to produce the next unit.
Mark to Market
Is a measure of the fair value of an asset or liability according to generally accepted accounting principles. It is matching up the current market place fair value vs the value recorded on a company's balance sheet and adjusting it accordingly.
Marketable securities, sometimes called "marketable equity securities" are stocks and bonds of other companies held that can be readily sold on stock exchanges or over-the-counter markets and that the company plans to sell as needed for cash.
Marshalling of Assets
The marshalling of assets is a re-distribution of assets of an insolvent debtor in order to obtain a fair distribution of the remaining debtor assets to all creditors.
Material Adverse Change (MAC)
Material adverse change is applicable to substantial changes in business conditions or prospects of the firm. It could impact the borrower's ability to be funded or acquired.
The date on which the loan contract expires and the obligations are due.
A mechanic's lien is a security interest in the title to or property for the benefit of those who have supplied labor or materials that improve the property.
Methods of Liquidation (GOB, going concern, open market sale, public auction, etc.)
Refers to the style of liquidation chosen which is based on the financial position of the company and the time remaining to liquidate the business assets. Methods of liquidation include going concern, public auction, orderly liquidation, and GOB.