This glossary is a handy reference to easy-to-understand definitions based on the “jargon, lingo, and lore” of the automobile finance business developed by experts in the field. In speaking or writing about this specialty area, participants use many terms, some of which are familiar but have special meanings in the context of these types of transactions and others of which are unique to this field. This glossary sets forth brief explanations of some of the more commonly used terms. This book is not an exhaustive catalogue of terms, rather it is key terms used in this field that ought to have a brief, easy-to-understand definition or explanation, coupled with statutory or regulatory references where the reader can learn more.