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.
Credit Terms 
Terms within a Credit and Security Agreement that set the guidelines for the lending relationship
Credit and Security Agreement
An Agreement in which all of the terms and provisions of a credit facility are defined and agreed upon between the parties.
Credits in Prior
Credits that appear in the past due/over eligible day section of the accounts receivable aging. These amounts are reserved as the present a potential offset to debit balances less than past due.
Cross-Age
Past due accounts receivable exceeding a certain percentage threshold of total accounts receivable. If the threshold is met, the entire amount of accounts receivable is considered ineligible.
Cross-Collateralized
Cross-Collateralization occurs when the collateral defined in one credit facility is also the collateral of another facility.
Cross-Defaulted
A provision in a credit agreement that places the borrower in default if they are in default on another credit agreement.
Cross-Guaranteed
An agreement in which two or more entities guarantee each others liabilities. An example would be when the Parent Company guarantee's the Subsidiary's liability and the Subsidiary guarantees the Parent Company's liability.
Current Ratio
The Current Ratio measures ability to service obligations due in 12 months with current assets.