> ## Documentation Index
> Fetch the complete documentation index at: https://api-docs.anzi.finance/llms.txt
> Use this file to discover all available pages before exploring further.

# Developer Glossary

> Key financial and product terms used in Anzi docs, defined for developers.

# Developer Glossary

This glossary clarifies financial and product terms that appear throughout the docs to help developers implement correctly.

***

## A

* API Key: Credential issued by Anzi used as `X-API-KEY` to authenticate API requests for your organization.

## B

* Borrower (Principal): The person or business that receives a loan and is obligated to repay it.

## C

* 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).

## D

* 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.

## F

* 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).

## G

* Guarantee: A promise by Anzi to compensate the financial institution if a covered loan goes into default, subject to the agreed terms.

## L

* 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.

## N

* Novation: The replacement of one obligation with another, transferring rights and duties from an existing guarantee to a new one for the same loan.

## P

* 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.

## R

* 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.

## S

* 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.

## T

* 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.

***

## Dates and Formats

* 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.