Glossary
Overview
This glossary defines key terms used throughout the timveroOS Business User Documentation. Terms are organized alphabetically and include both business and technical concepts essential for understanding system configuration and operation.
A
Additive A specific variant or tier within a credit product that defines particular lending conditions, eligibility criteria, and pricing algorithms. Each additive targets different customer segments within the same base product.
AML (Anti-Money Laundering) Regulatory compliance procedures implemented within workflows to detect and prevent money laundering activities. Includes identity verification, transaction monitoring, and suspicious activity reporting.
Application An aggregating entity that brings together participants and assets to complete a credit origination process. Applications track the overall lending transaction from initiation through disbursement.
Application Data Source An internal data source that provides access to participant attributes within workflows, enabling decision logic based on application-provided information.
Assessment The comprehensive analysis stage including automated scoring, manual underwriting, and offer calculation that evaluates participants' creditworthiness and determines lending terms.
Asset Physical or financial collateral used to secure a loan, such as vehicles, real estate, or equipment. Assets have their own attributes, valuations, and documentation requirements.
Audit Trail System-maintained record of all actions, changes, and decisions made throughout the lending process, ensuring compliance and enabling transaction reconstruction.
B
Business Process The overarching sequence of steps that define how lending transactions flow through the system from application to disbursement. Distinct from workflows, which handle specific decision logic.
Business Process vs Workflow Critical distinction where Business Process orchestrates the end-to-end lending journey while Workflows implement specific decision algorithms within process stages.
C
Catalogs System reference data including decline reasons, document types, departments, and other standardized lists used throughout configuration.
Client High-level entity storing fundamental personal information that serves as a parent container for participants. Represents a person's master record containing reusable data across multiple applications.
Collateral Assets pledged as security for loan repayment. Managed within the system with valuation tracking, documentation, and monitoring capabilities.
Collateral Data Source Internal data source providing access to asset attributes within workflows for collateral-based decision making.
Collateral Provider Participant role for individuals or entities providing assets as loan security without being primary borrowers.
Configuration Process of setting up system parameters, rules, and relationships without requiring code modifications. Includes products, workflows, integrations, and documents.
Covenant Ongoing borrower obligations monitored throughout loan servicing, such as maintaining insurance, financial ratios, or providing periodic reports.
Credit Product Configurable template establishing the blueprint for lending conditions including terms, rates, amounts, required documentation, and calculation methods.
D
Data Source Information repository (internal or external) that supports decision-making during scoring and underwriting processes.
Decision Flow See Workflow.
Decision Table Workflow component using matrix logic to determine output values based on multiple input variables and predefined rules.
Decline Reason Standardized explanation codes indicating why an application was rejected, used for adverse action notices and regulatory compliance.
Document Template Configurable document format with merge fields that generate personalized agreements, disclosures, and notices using participant and transaction data.
DSCR (Debt Service Coverage Ratio) Financial metric calculating cash flow available to pay debt obligations, commonly used in business lending decisions.
E
Entity Core system objects including clients, participants, applications, and assets that store data and progress through business processes.
Entity Checker Framework-level automation component that monitors entity states and triggers actions based on configured conditions.
Expression Node Workflow component performing calculations or logical operations using data from previous nodes or external sources.
F
Feature Named value resulting from a mapping function's processing of data source responses, used as input for workflow decision logic.
Feature Store Centralized repository for managing data transformations (mappings) that convert raw data source responses into workflow-usable features.
Form Builder Tool for creating custom data entry forms without coding, used for application intake and manual review processes.
G
Guarantor Participant role representing individuals or entities providing secondary repayment obligation to enhance primary borrower creditworthiness.
Gateway Communication channel for notifications including SMS, email, or messaging platforms.
I
Integration Connection between timveroOS and external systems for data exchange, including APIs, file transfers, and real-time services.
K
KYB (Know Your Business) Compliance procedures for verifying business entity legitimacy, ownership structure, and regulatory standing.
KYC (Know Your Customer) Regulatory requirement for verifying customer identity, address, and legitimacy before establishing business relationships.
L
Launchpad Centralized operations interface for managing manual decision workflows and exceptions requiring human review during underwriting.
Load Data Source Node Workflow component that calls external or internal data sources to retrieve information for decision processing.
LTV (Loan-to-Value) Ratio comparing loan amount to collateral value, used in secured lending to assess risk and determine maximum lending amounts.
M
Manual Review Human evaluation process triggered when automated scoring identifies issues requiring specialist judgment or additional assessment.
Mapping JavaScript or Python script extracting and transforming data from source responses into features for workflow consumption.
Multi-Participant Application Complex lending structure involving multiple parties such as co-borrowers, guarantors, or collateral providers within single application.
N
Notification System-generated message sent to process participants when specific events occur, configurable by channel, timing, and content.
O
Offer Engine System component implementing pricing algorithms through offer scripts that calculate lending terms based on participant profiles and product parameters.
Offer Script JavaScript or Python algorithm implementing institution's pricing logic for calculating loan terms within specific additives.
P
Participant Application-specific instance of a client acting in a defined role (borrower, guarantor, etc.) with role-specific attributes and workflows.
Pebble Template engine used for document generation, supporting variable substitution and conditional logic in document templates.
Profile Set of participant or asset attributes created during scoring and used for offer generation within credit products.
R
RBAC (Role-Based Access Control) Security model defining user permissions based on assigned roles within the organization.
Red/Yellow/Green Zones Workflow outcome categories where Red indicates decline, Yellow requires manual review, and Green allows automatic progression.
S
Save Alert Fact Workflow node saving stop-factors with decline reasons that prevent further processing.
Save to Profile Workflow node storing calculated values in participant or asset profiles for subsequent offer generation.
Save Warning Fact Workflow node flagging issues requiring manual review while allowing process continuation.
Schedule Engine Component calculating loan repayment schedules including principal, interest, and fee distributions over loan term.
Scoring Automated assessment process evaluating creditworthiness through configured workflows and decision logic.
SDK (Software Development Kit) timveroOS framework enabling custom development for requirements beyond standard configuration capabilities.
Status Current position of entity within business process, determining available actions and next steps.
Switch Node Workflow component implementing conditional branching logic based on evaluated expressions.
T
The Workflow Tool Visual designer for creating and managing decision flows without programming knowledge.
W
Webhook HTTP callback mechanism for real-time event notifications to external systems.
Workflow (Decision Flow) User-configurable automated decision logic implementing scoring, risk assessment, and eligibility determination within business process stages.
Additional Terms
Apache Superset Open-source business intelligence platform integrated for reporting and analytics dashboards.
Circuit Breaker Integration pattern preventing cascade failures by monitoring and controlling external service calls.
Idempotency System design principle ensuring operations produce same result regardless of execution frequency, preventing duplicate processing.
Temporal Date/time handling library used in offer scripts and workflow expressions for date calculations.
This glossary covers primary terms used throughout timveroOS documentation. For technical implementation terminology, consult the SDK documentation. For additional clarification on any term, contact your implementation team.
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