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"B" through "D" credit customers:
These consumers have less than perfect to bad credit and usually cannot qualify for traditional financing. Also called sub-prime credit customers.
Bad Debt:
Any debt that is delinquent and has been written off as uncollectible.
Balance sheet:
A financial statement that shows a business' current financial condition, with assets on the left side and liabilities and net worth on the right side.
Balloon:
The balance of principal that is due and owing in its entirety at a specified point in time, but in any event, less than the time required to fully amortize the debt.
Bankruptcy:
A state of insolvency of an individual or organization. The inability to pay debts.
Beneficiary:
The person or party entitled to receive the benefits, or proceeds, of the life insurance policy upon the death of the insured person.
Bill of Lading:
A shipping document which gives instructions to the company transporting the goods.
Bill of Sale:
A document used to transfer the title of certain goods from seller to buyer.
Business-based income streams:
Cash flow instruments that are paid to a business by another business or government.
Cash flow:
The flow of cash through a business or household. In business terms, cash flow involves the flow of cash into a company in the form of revenues, and out of the company in the form of expenses.
Cash flow broker:
Professional whose primary purpose is to unite income stream sellers with funding partners. They may operate as referral sources or as the primary liaison for cash flow transactions.
Cash flow industry:
The buying, selling, and brokering of privately held debt in the secondary marketplace; the marketplace where businesses and individuals get help managing their cash flow needs.
Cash flow instrument:
Future payment or series of payments. Also called a debt instrument or income stream.
Cash flow specialist:
A cash flow professional who brokers cash flow transactions or buys cash flow instruments.
Cash flow transaction:
Occurs whenever a funding partner pays cash to an individual or business in exchange for an income stream.
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