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.
Blocked Account Control Agreement 
A blocked account control agreement is used by lenders to perfect their security interest in the cash collateral account of their borrower and it provides the lender with the ability to direct the bank how to disburse the funds if lender exercises their rights.
Bookrunner
The bookrunner is the main underwriter on a syndicated deal.
Boot Collateral
"Boot collateral" refers to collateral in a transaction where the secured creditor/lender has a security interest, but is not specifically advancing against this collateral.
Borrower Quality Rating
A borrower quality rating (BQR) is a number assigned to a borrower based on that borrower’s perceived credit riskiness.
Borrowing Base
The borrowing base is the amount of money a lender will loan to a company based on the value of the collateral the company pledges to secure its loan.
Borrowing Base Certificate
The borrowing base certificate is a document the borrower creates to reflect the status of their collateral and loan at a certain point in time.
Bridge Loan
A bridge loan is a short-term loan used to quickly provide cash flow before a more permanent form of financing is available.
Bullet Payment
A bullet payment occurs when the entire principal of a loan, as well as interest, is due at the end of the loan term.