Glossary

Our Glossary provides definitions for several common terms you will likely encounter throughout the application and underwriting process.

Dexter Financial Glossary of Terms

Choose your glossary terms by clicking on the alphabetical index.

  • Balance Sheet

    A financial statement showing assets and liabilities for an entity.

  • Bankruptcy

    A legal process undertaken by an individual or organization that is unable to meet its financial obligations. Debts may be reorganized or eliminated under the supervision of the bankruptcy court.

  • Borrower (Debtor)

    Person or entity who obtains money from a different person or entity.

  • Broker

    An intermediary who facilitates the sale of property, businesses, etc.

  • Buildout (Leasehold Improvements)

    The specific construction and/or associated cost required to alter the building for the requirements of a laundry.

  • Buy-sell Agreement

    An agreement that details the terms and conditions of the sale and purchase of a business.