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 source pays cash to an individual or business in exchange for an income stream.
 

Chattel mortgage:
A mortgage on personal property, given to secure a debt. Typically used in the sale of a business. Also called a security agreement.
 

Collateral:
Something of value (land, a home, a car, etc.) that is pledged as security to ensure the payment of a debt. Collateral is promised to a lender until a loan is repaid. If the borrower defaults, the lender has the right, by law, to seize the collateral.
 

Collateral-based income streams:
Cash flow instruments that are secured by collateral.
 

Collectibility:
Refers to the funding source's ability to collect future income stream payments once they are purchased.
 

Commission:
Fee paid to a broker for executing or referring a cash flow transaction.
 

Consumer-based income streams:
Cash flows in which the party that owes payments is a consumer, a private individual.
 

Contingency-based income streams:
Cash flows in which the recipient is not necessarily legally entitled to receive payments, or in which the amount of the payment is uncertain or contingent upon outside factors.
 

Conversion:
The process of converting a qualified prospect into an active client.
 

Corporation:
A legal entity, chartered by a U.S. state or the federal government, and separate and distinct from the persons who own it. It is regarded by the courts as an artificial person; it may own property, incur debts, sue or be sued.
 

Creditor:
One who is owed payments on a debt by a debtor.