Help & Glossary
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Nailed The Car - A slang expression meaning that the car has successfully been repossessed.
Negotiable Instrument - A properly executed document that contains an unconditional promise to pay an exact sum of money either on demand or at an exact time in the future. For example checks, promissory notes, car loans and leases.
Networking - The skill of developing diverse contacts over an extended period of time, which may provide sources to help you at a later time.
Non-Recourse - A transfer of a contract from the seller to the lender, with the lender assuming the risk for loss if the loan defaults.
Note - A contract under which someone promises to a certain sum of money at a certain time.
Notice - To be given knowledge of certain facts.
