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Maturity models are not a "silver bullet" that, once implemented, will address all the ills of the organization.
Loan
Money, property or other material goods given to another party in exchange for future repayment of the loan value or principal amount, along with interest or finance charges.
Chattel Mortgage
A loan arrangement in which an item of movable personal property acts as collateral for the loan.
Conditional Sales Contract
An agreement where the buyer takes possession of an item but its formal title and ownership remain with the seller until all terms of the contract are fulfilled.
Purchase Money Securities Interest
A legal claim that allows lenders to have a security interest in an item that was purchased with the funds they provided.
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