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Amortization: In the debt payment process, the gradual reduction of a debt by means of periodic payments agreed between the creditor and the debtor through the allocation of a lump sum amount to different time periods. The sum may be composed of principal, interest or both, depending on the agreement.

Asset Pledge: Credit model whereby collection is financed as a payment guarantee from another that will be appropriated by the creditor in case of nonpayment of the loan.

Asset Seizure: The process of collection of assets to provide financial guarantee, as a way to guarantee the payment. When the asset seizure is executed a tribunal sells the resources to pay the creditor.

Assign: The person to whom, through an assignment, right, contract or obligation is transferred. The person to whom an assignment is made.

Assignment: Act by which one party (company or individual) transfers to another party one or more rights, duties or properties. For an assignment to be considered valid, it must comply with basic legal requirements such as the existence of both parties’ capacity to request, prepare, and sign a contract.