Skip to main contentDeveloper Glossary
This glossary clarifies financial and product terms that appear throughout the docs to help developers implement correctly.
- API Key: Credential issued by Anzi used as
X-API-KEY to authenticate API requests for your organization.
- Borrower (Principal): The person or business that receives a loan and is obligated to repay it.
- Claim: A formal request to receive payment under a guarantee when the borrower fails to meet the loan obligations.
- Consolidation (Netting): A periodic settlement that offsets what each party owes, producing a single net amount to pay or receive.
- Coverage: The portion of a loan that is protected by the guarantee—the maximum amount Anzi will pay if the agreed conditions are met.
- Credit Status: The current repayment condition of a loan (e.g., up to date, late, in claim, paid).
- Default: When the borrower fails to make payments as agreed, triggering protection or collection actions defined in the contracts.
- Disbursement Date: The date when the loan funds are delivered to the borrower.
- First Loss (License Type): An arrangement where claims are paid from a reserve funded by premiums from the client.
- Frequency: How often the borrower makes installment payments (for example, weekly or monthly).
- Guarantee: A promise by Anzi to compensate the financial institution if a covered loan goes into default, subject to the agreed terms.
- License: The agreement and configuration that define rules, limits, coverage, and pricing for guarantees issued to a client. It determines how guarantees are validated and priced.
- Loan Amount: The original principal amount borrowed by the borrower.
- Loan Payment Due Date: The scheduled date when a loan payment is due.
- Novation: The replacement of one obligation with another, transferring rights and duties from an existing guarantee to a new one for the same loan.
- Premium: The price paid in exchange for guarantee coverage.
- Premium Percentage: The rate applied to the loan amount to calculate the premium.
- Premium Status: The current state of premium collection or processing.
- Promissory Note: A signed promise by the borrower to repay a specific amount under defined terms.
- Reserve (First Loss): A dedicated reserve of funds built by the client, used to pay claims in First Loss arrangements; coverage stops when the reserve is exhausted.
- Surety (License Type): An arrangement where Anzi pays claims from its own funds, typically associated with lower premiums.
- Status (Guarantee): The current operational stage of a guarantee.
- Token ID: An identifier (often numeric) representing the guarantee in internal systems or ledgers.
- Timezone (License): The reference timezone used to evaluate dates, cutoffs, and billing cycles.
- ISO 8601 Date:
YYYY-MM-DD (e.g., 2025-09-05).
- ISO 8601 Duration: Period format like
P1M (1 month), P6M (6 months).
Tip: All date/time fields in the API are ISO 8601 unless explicitly noted.