SHORT-TERM usually encompasses a calendar of 12 months or less.
COMPOUND INTEREST PRINCIPLE is where the interest is computed on principal plus interest earned in previous periods.
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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