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.
Recapitalization 
The restructuring of a company's capital structure
Receivership
In a Bankruptcy, the courts or creditors appoint a "receiver" a person to run the company and manage the assets.
Recourse (non-recourse)
Legal right of a lender to seek repayment of a debt obligation through pledged collateral
(Without recourse - without subsequent liability)
Remittance Advice
A form sent by a customer along with the payment of an invoice, identifying which invoices the payment should be applied to.
Rent Reserves
A reserve on property that holds company assets, usually 3 months of rent payments.
Replacement Cost
The cost to replace an asset of the same value.
Required Lenders
On a syndicated transaction, there are provisions within the loan documents that stipulate which lenders, and/or what percentage of lenders, based on pro rata share of the the total credit facility, must vote in favor of a modification, etc. in order for it to be ratified.
Reserves (general)
An allowance set aside by a company to compensate for a potential issue. i.e bad debt reserve.