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.
Chapter 11 Bankruptcy 
Chapter 11 of the Bankruptcy Code generally provides for reorganization, usually involving a corporation or partnership. A Chapter 11 debtor usually proposes a plan of reorganization to keep its business alive and pay creditors over time.
Chapter 7 Bankruptcy
A proceeding in which a company stops all operations and goes completely out of business. A Trustee is appointed to liquidate the company's assets, the proceeds are used to pay off the debts, and then the remaining debt is discharged.
Chart of Accounts (COA)
A financial organizational tool that provides a complete listing of every account in an accounting system.
Chattel Mortgage
A form of chattel paper by which a borrower (mortgager) gives a lender (mortgagee) a lien on a movable piece of personal property as security for payment on an obligation.
Chattel Paper
A document such as a lease, chattel mortgage or conditional sales agreement, which is evidence of both a monetary obligation and a security interest in or a lease of specific goods.
Closing Fee
A fee due from the borrower to the lender for a completed lending transaction. The closing fee is typically based on a percentage of the total commitment provided. Additional fees often include field exams, legal, appraisals, etc.
Club Financing (Club Deal)
A group of lending institutions that work together to finance a single borrower.
Co-Lender
A Co-Lender is a form of loan participation where two or more lenders are named as the secured party in a statement and the financing agreement. Each lender in the agreement is referred to as the Co-Lender.