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.
Perfected Security Interest 
A lien against an asset that is registered with the appropriate statutory authority so that it is made legally enforceable and protected from claims by other parties and any subsequent claim on that asset is given a junior status.
Permitted Acquisition
A clause in a contract that permits any future acquisitions given a set of criteria to be met.
Permitted Debt
Level or source of new debt allowed under a current contract or agreement.
Permitted Discretion
A determination made in the exercise of reasonable business judgment. Typically outlined in a contract or agreement.
Permitted Disposition
Any sale of an asset allowed under a current contract or agreement.
Permitted Investment
Investments allowed in other parties under a current contract or agreement.
Permitted Liens
Rights to keep possession of property belonging to another person until a debt owed by that person is discharged.
Perpetual Inventory
A Perpetual Inventory is an inventory tracking system where information on inventory quantity and availability is updated on a continuous basis as a function of doing business.