NEGATIVE DOLLAR Definition

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NEGATIVE DOLLAR is a dollar that is owed to another entity.

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BILL OF SALE is a written statement attesting to the transfer (sale) of goods, possessions, or a business to a buyer.

SPECIAL PURPOSE VEHICLE (SPV) is an organization constructed with a limited purpose or life. Frequently, these Special Purpose Vehicles serve as conduits or pass through organizations or corporations. In relation to securitisation, it means the entity which would hold the legal rights over the assets transferred by the originator.

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