Business and Personal Finance Dictionary

# A B C D E F G H I J K L M N O P Q R S T U V W X Y Z 

• NON-NOTIFICATION
  
  Receivable lending in which the borrower's account debtors are not notified of the bank's lien. (The bank may use non-notification lending but still have a provision in the loan document that allows the bank to switch to notification-based financing in the event of a default.) Under non-notification financing arrangements, payments may be sent directly to the bank by the account debtors.
  
  Back