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.
Over-advance 
The advanced portion of a revolving credit facility that exceeds availability calculated by the borrowing base formula established.
Overdraft
A deficit in an account caused by drawing more money than the account holds.
Overformula Advance
An agreement where the Lender advances funds in excess of caps and there is no collateral value to cover the advances. The advances will stay outstanding and amortize at a pre-determined amount of time.
Overline Advance
Where the Lender advances funds in excess of pre-established caps for receivables and inventory, but there is collateral value above the caps to cover the loan position.