01 / Orientation
What this page helps you understand
Terms can be used differently across providers and jurisdictions. A glossary definition is a starting point; the definition section of the actual agreement controls that document.
Important words include advance, applicant, provider, proceeds, payoff, lien, non-recourse, simple charge, compounding, cap, recovery, and acknowledgment.
02 / Review lens
Details that may matter
- Advance: money provided before a claim resolves
- Payoff: the amount claimed due from available proceeds
- Lien: a claimed right against money or property
- Non-recourse: a contract term whose exact conditions must be read
- Compounding: charges calculated on an increasing balance
- Cap: a stated maximum that may be subject to conditions
03 / Get organized
Information worth preparing
- Circle every defined term used in a payment provision
- Compare examples with the written formula
- Ask who interprets an ambiguous term
- Keep the definitions page with the signed agreement
04 / Before deciding
Questions to take into the conversation
- Does the agreement define this word differently?
- Does this term include fees as well as the cash advanced?
- What event starts or stops a charge?
- Which provision applies if two sections conflict?
ClaimKind takeawayNever assume a familiar word has its everyday meaning inside a contract.
Keep exploring
More from Learning Center
Use direct answers, definitions, and checklists to prepare for a conversation.01Learning centerChoose a topic based on where you are in the process.02Common questionsStraight answers about review, cost, and timing.03Funding vocabularyDecode frequently used claim-funding terms.04Consumer checklistKeep key questions together while comparing options.05State availabilityUnderstand why location-specific rules matter.06Content standardsHow ClaimKind prepares and reviews educational pages.