Reference
Device Financing
Terms, Explained Simply
Plain-English definitions of every term that comes up in device financing, risk management, collections, and DFRM platform conversations — without the industry jargon layered on top.
45+
Terms defined
5
Topic categories
Plain
English — no jargon
Updated
As the industry evolves
No terms match your search. Try a different keyword.
COMMON QUESTIONS
About the Glossary
How it's maintained and how to use it.
Primarily for lending operations teams, risk managers, and product leads at NBFCs, fintechs,
telecoms, and retailers. The definitions assume a business context — they explain what each term
means in practice, not just technically.
Terms are added and revised as the device financing and DFRM space evolves — typically when new
regulatory guidance, platform capabilities, or industry usage shifts the meaning of a term enough to
matter.
Yes — reach out via the contact page with the term and the context in which you encountered it.
Frequently requested terms are added to the next update.
Yes — internal use is fine without attribution. For external publications, please attribute to
Loksiz and link back to this page.
Mostly general — the definitions reflect standard industry usage in device financing and lending.
Where a term has a specific meaning in the context of the Loksiz platform, that's noted in the
definition itself.
Ready to See the Platform Behind the Terms?
Book a walkthrough and we'll show you how these concepts work in practice across a real device financing portfolio.