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Zions > Banking Terms > Flashcards

Banking Terms Flashcards

1
Q

Amortize

A

Gradually write off the initial cost

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2
Q

Pass through entity

A

Entity that does not cash flow - money passes through

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3
Q

Repayment terms

A

Owe payments

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4
Q

First Deed of Trust

A

We get property of default

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5
Q

P Card

A

Card

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6
Q

Carry Note

A

Carry back

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7
Q

Mitigate

A

S

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8
Q

Aggregate debt

A

S

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9
Q

Aggregate Debt

A

Respect to an obligation, the sum of the following as of the date of determination 1) obligors attribute liens in respect of sake and lease back transaction entered into after the date of the initial issuance of the securities pursuant to section 3.07

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10
Q

Internal Asset TeM

A

BBLC

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11
Q

Trouble debt

A

Arrangements

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12
Q

Forebearance

A

Agreement

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13
Q

Talk more forcibly

A

Demand letters

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14
Q

Loan Fees

A

Environmental evaluation $350
Evaluation/appraisal $700
Titles $2,000
Doc fee $150

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15
Q

DSCR

A

Debt Service Coverage Ratio

Net operating income by the annual debt

Cash flow generated by the business will cover the new commercial loan payment by 1.25x

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16
Q

Debt service

A

Debt service is the total of all principal and interest paid on debts over the course of a year.

Debt services are not reported on financial statements

They are reported on a Balance Sheet

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17
Q

Cash flow

A

Current assets minus current liabilities

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18
Q

Attrition

A

Loosing out the back end

19
Q

Curtailments

A

iDK

20
Q

Leverage

A

Borrow funds from a financial institution to buy more of an asset.

21
Q

Highly leveraged

A

A company has more debt than equity

22
Q

Balance sheet

A

A company’s financial position at a point in time.

23
Q

What are the components of a balance sheet

A

Assets
Liabilities
Owners (stockholders) equity

24
Q

Assets

A

Things a company owns:
Cash, petty cash, temporary investments, accounts receivable, inventory, supplies, prepaid insurance, land, land improvements, buildings, equipment, goodwill

25
Q

Contra assets

A

Asset accounts with balances: Allowance for doubtful accounts, accumulated depreciation- buildings, accumulated depreciation- equipment, accumulated depletion

26
Q

Classification of assets

A

Assets are presented in distinct groups, categories:

Current assets, investments, property, plant, and equipment, intangible

27
Q

S Corp

A

Pass through tax entities. No income is taxed at the corporate level. Instead the profit and loss passes through the business and reported to the owners personal tax return

28
Q

C Corp

A

Separately taxed entities. They pay taxes at the corporate level. Possible double taxation if corporate income is distributed to business owners as dividends, which are considered personal income

29
Q

Factoring

A

Slow receivables

30
Q

Articles of Organization

A

Outlines the initial statements required to form a limited liability company. Certificate of organization once approved, the orginazation is legally an LLC

31
Q

Operating agreement

A

Agreement between an LLC and financial managerial rights and duties

32
Q

What is the BBLCs expectation for leverage

A

3:1

33
Q

What factors are considered in decisioning

A

Aggregate Business credit score

34
Q

Cap ex

A

H

35
Q

Fixed assets

A

H

36
Q

Reliance Letter

A

A letter from one party to another party allowing them to Rey on the contents of a report

37
Q

Intended user

A

This is added to Evaluations for SBA to have access

38
Q

Mountain West Small Business committee of 5

A

They are the loan closers. Need three to sign off

39
Q

Collecting Tickler items after approval is often referred to as _____________ _________

A

Screen out

40
Q

LIBOR

A

London Interbank Offerred Ray:
Interest rate that is calculated each day based in the rate that international banks lend money to each other in a short term basis

41
Q

SWAP

A

Financial derivatives that companies use to exchange interest rate payments with each other

42
Q

5-4-3-2-1 penalty

A

?

43
Q

What is Debenture

A

An unsecured loan certificate issued by a company, backed by general credit rather than by specified assets

Defines the interest owed

Statement that Acknowledges the debt

Zions (2 decks)

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