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.
Grower Liens 
Liens attached to the assets (typically perishable, ie from a "grower") of the Borrower for which payment has not been made to the vendor.
Guaranteed Sale
Arrangement under which a manufacturer or supplier takes back the goods that remain unsold after a specified period. Similar to a consignment sale.
Guaranty
Three-party contingent liability agreement under which a third-party or parties (the "Guarantor" or "Guarantors") agree to be directly or collaterally responsible for the obligation (ABL loan) of a first-party (the Borrower) to a second-party (Lender) in case the first-party defaults or fails to fulfill its part of a deal. Guaranties are typically provided by non-borrowers (Parents, Subsidiaries, Individual Owners) in ABL Facilities.