SEEKAPOR | an Educational Companion

October 2019

Debenture

Meaning: the ability of a customer to obtain goods or services before payment, based on the trust that payment will

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Fiduciary

Meaning: a person or organization that acts on behalf of another person or persons to manage assets. Synonyms: trustee, curator,

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Amortization

Meaning: the act of paying off a debt through scheduled, pre-determined smaller payments. Synonyms: decrease, step-down, diminution, reduction, repayment; Use:

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Lien

Meaning: a legal document filed by a creditor (lender) in order to record its claim on the debtor’s (borrower’s) property.

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Annuity

Meaning: a sum of money payable yearly or at other regular intervals. Synonyms: amount, award, remittance, reparation, return; Use: His

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