Payment in Kind (PIK) interest accrues and capitalises periodically over the life of the debt instrument, thus increasing the underlying principal (i.e. compound interest). This is ...

A penalty fee which may be charged if a loan is repaid or partially repaid prior to maturity (Prepayment), designed to protect the lender against loss of income should a loan be re ...

A private placement is the placing of institutional debt with a non-bank investor, typically an insurance company or pension fund. This provides the ability of non-bank lenders to ...

A loan that is made to finance payments which are required to 'protect' either a specific asset (Property) or the Lender's security over that asset. This may include pa ...

This type of partnership involves a collaboration between a government entity and a private sector business. This may be to finance, build or operate projects, such as community sp ...

Amounts recovered from any claim an Obligor may have against a Vendor to be used in mandatory payment.

A mortgage claim ranking subordinate to the senior mortgage, secured over the real estate asset.

A legal entity that specialises in the tactical management of a vehicle's assets on behalf of the owner of the real estate. Services may include strategic input and production ...

A loan or portfolio of loans which are pooled and re-structured by way of risk apportionment, to provide collateral for issuance of securities.

The financial institution that empowered under the faciility agreement to take action on behalf of the lender to enforce Security in case of an event of default. Useful in loa ...