Glossary
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.
Automatic Stay 
An automatic stay is the process during bankruptcy proceedings in which actions undertaken by a creditor to recover their outstanding debts from the company in question are put on hold.
Availability
Availability is the amount a borrower may borrow under the terms of the credit agreement at a given time.
Availability Block
An availability block is placed within a revolving credit facility that prohibits a borrower from utilizing all of the availability generated by their borrowing base.
Average Unit Cost
Average unit cost is the value derived by taking the number of units produced or purchased divided by the amount it took to produce or purchase those units.
Avoidance Action
Avoidance Action, in the context of a bankruptcy proceeding is the process in which a trustee can reclaim funds paid by the bankrupt company prior to filing for bankruptcy.