Glossary

Treasury Bills, or T-Bills, are short term securities with maturities of up to one year. They are issued by the U.S. Government at a discount from face value. The price is quoted in yield, not dollars. At maturity, T-Bills are redeemed for full face value. T-bills are issued in three month, six month and 1 year maturities and are backed by the full faith and credit of the U.S. Government.

Treasury Bonds are long-term securities with maturities greater than 10 years. Treasury bonds are coupon bearing securities that pay interest on a semiannual basis. Treasury bonds are backed by the full faith and credit of the U.S. Government.

Treasury Notes are intermediate term securities issued with 2, 3, 5, and 10 year maturities. Treasury notes are coupon bearing securities that pay interest on a semiannual basis. Treasury notes are backed by the full faith and credit of the U.S. Government.

Code of laws governing various commercial transactions that was designed to bring uniformity in these areas to the laws of the various states. To properly file a lien and take a security interest in personal property owned by the borrower, a lender must file the UCC financing statement with the appropriate governmental authority.

A tenant in a shopping center, which doesn't have an anchored tenant.

Guarantor unconditionally guarantees payment to Lender of all amounts owing under the Note. This Guarantee remains in effect until the Note is paid in full. Guarantor must pay all amounts due under the Note when Lender makes written demand upon Guarantor. Lender is not required to seek payment from any other source before demanding payment from Guarantor.

The process of deciding whether to make a loan based on property cash flow, credit, and/or other factors.

United States Department of Agriculture loan programs are offered to improve, develop or finance businesses and industry and improve the economic and environmental climate in rural communities. There are several programs that provide partial loan guarantees to lenders.

Services such as water, sewer, gas, electricity, and telephones which are generally required to operate property.