Payee:
Person or business that has the right to receive a payment or series of payments and is interested in selling that income stream for cash. (Also called the seller or client.)
 

Payor:
The person, company, or government responsible for making payments on an income stream.
 

Partial:
Any part of a payment stream that is less than the full amount due.
 

Personal guaranty:
A contractual agreement between a funding source and a seller, whereby the seller assumes personal responsibility and liability for the obligations of the income stream.
 

Portfolio:
A group or package of income streams of the same type.
 

Privately held:
Owed to a private individual or business rather than to a bank or other financial institution.
 

Profit and loss statement:
A financial statement that shows a historical record of a business' income and expenses.