Glossary

ABA Number

ABA number identifies the specific financial institution responsible for the payment of a negotiable instrument. It is a nine-digit code printed on the bottom of checks to identify the financial institution on which it was drawn.

Account Number

An account number is a unique string of numbers, letters, and other characters that identify a specific financial account. Almost all financial transactions make use of account numbers.

Asset

The equipment/vehicle (personal property) or real estate (real property) that is the subject of a lease

Charts

Charts are the criteria defined in a system. For example interest rate chart/criteria can be defined for an asset, number of terms, credit score and/or margin.

Dealer

Dealers are people or firms who sell assets for their own account, whether through a lender or otherwise.

Inventory

Inventory refers to all the assets held by a business for selling in the market to earn a profit.

Lender

A lender is an individual, a group, or a financial institution that lends funds with the expectation that the funds will be repaid.

MSRP

The manufacturer's suggested retail price (MSRP) is the price that a product's manufacturer recommends it be sold for at the point of sale.

OEM Options

An original equipment manufacturer (OEM) makes, systems or components that are used in another company's end product. OEM Options records/manages OEM options i.e. makes systems or components that are used in another company's end product in the system. OEM options include any options e.g. security system, alloys, seat covers, sound system, camera etc.

Programs

Programs are used to configure product in system.

Tax ID

A Taxpayer Identification Number (TIN) is an identification number used by the Internal Revenue Service (IRS) in the administration of tax laws.

VIN

A vehicle identification number (VIN) is a unique code assigned to every motor vehicle when it's manufactured.