Financing Term

The period over which a lender gives financing to a borrower for. Often, but not always, shorter than the amortization period. At the end of a financing term a borrower can refinance or pay off the loan.

Senior Debt

Debt that has priority repayments over other debts.

Junior Debt

Repayment priority for this type of debt is subordinated to senior date.

Mezzanine

A mix of both debt and equity financing allowing the lender the right to convert to equity in case of default.