Auto Receivable definition

Auto Receivable means a Loan or installment sale contract arising from the purchase of, and secured by, an automobile, light-duty vehicle, all-terrain vehicle, boat or motorcycle.
Sample 1Sample 2Sample 3
Auto Receivable means a loan or installment sale contract arising from the purchase of, and secured by, an automobile, light-duty vehicle, all-terrain vehicle, boat or motorcycle.
Sample 1Sample 2Sample 3
Auto Receivable. An installment sales contract or promissory note originated by AFL or purchased by AFL or a Subsidiary of AFL from motor vehicle dealers and, in each case, secured by new and used automobiles and light trucks.
Sample 1

Examples of Auto Receivable in a sentence

  • This Trust Certificate is one of the duly authorized Trust Certificates designated as "Auto Receivable Backed Certificates" (the "Trust Certificates").

  • This Trust Certificate is one of the duly authorized Trust Certificates designated as "_____% Auto Receivable Backed Certificates" (the "Trust Certificates").

  • New York, New York 10022 OBLIGOR: WFS Financial ________ Owner Trust OBLIGATIONS: $_________ ____% Auto Receivable Backed Notes, Class A-1, $_________ ____% Auto Receivable Backed Notes, Class A-2, $_________ ____% Auto Receivable Backed Notes, Class A-3, and $_________ ____% Auto Receivable Backed Notes, Class A-4 Date of Issuance: _______________ Policy No.: _______________ 1.

  • FINANCIAL SECURITY FINANCIAL GUARANTY ASSURANCE(R) INSURANCE POLICY OBLIGOR: WFS Financial 1997-B Owner Trust Policy No.: __________ OBLIGATIONS: Date of Issuance: __________ $__________ ___% Auto Receivable Backed Notes, Class A-1, $__________ ___% Auto Receivable Backed Notes, Class A-2, $__________ ___% Auto Receivable Backed Notes, Class A-3, $__________ ___% Auto Receivable Backed Notes, Class A-4, FINANCIAL SECURITY ASSURANCE INC.

  • WFS Financial 1997-A Owner Trust Policy No.: __________ CERTIFICATES: $_______ ___% Auto Receivable Date of Issuance: _______ Backed Certificates FINANCIAL SECURITY ASSURANCE INC.

  • WFS Financial 1998-A Owner Trust Policy No.: OBLIGATIONS: Date of Issuance: , 1998 $ % Auto ReceivableBacked Notes, Class A-1, $ % Auto Receivable Backed Notes, Class A-2, $ % Auto Receivable Backed Notes, Class A-3, $ % Auto Receivable Backed Notes, Class A-4, FINANCIAL SECURITY ASSURANCE INC.

  • Issued under the Indenture, dated as of __________, 1998 (the "Indenture"), between the Trust and Bankers Trust Company as Indenture Trustee, are four classes of Notes designated as "_____% Auto Receivable Backed Notes, Class A-1", "_____% Auto Receivable Backed Notes, Class A-2", "_____% Auto Receivable Backed Notes, Class A-3" and "_____% Auto Receivable Backed Notes, Class A-4" (collectively, the "Notes").

  • Issued under the Indenture, dated as of November 1, 1998 (the "Indenture"), between the Trust and Bankers Trust Company as Indenture Trustee, are four classes of Notes designated as "_____% Auto Receivable Backed Notes, Class A-1", "_____% Auto Receivable Backed Notes, Class A-2", "_____% Auto Receivable Backed Notes, Class A-3", "_____% Auto Receivable Backed Notes, Class A-4," "____% Auto Receivable Backed Notes, Class A-5", (collectively, the "Notes").

  • WFS Financial 1997-B Owner Trust Policy No.: __________ CERTIFICATES: $__________ ___% Auto Receivable Date of Issuance: __________ Backed Certificates FINANCIAL SECURITY ASSURANCE INC.

  • New York, New York 10022 TRUST: WFS Financial 1997-D Owner Trust CERTIFICATES: $ % Auto Receivable Backed Certificates Date of Issuance: , 1997 Policy No.: 1.


More Definitions of Auto Receivable

Auto Receivable means the outstanding balance of the a Non-Auto Receivable, on any date of determination, excluding all unearned interest, purchase discounts, dealer reserves, hold backs, and insurance commissions.
Sample 1

Related to Auto Receivable

  • Receivable any right to payment for goods sold or leased or for services rendered, whether or not such right is evidenced by an Instrument or Chattel Paper and whether or not it has been earned by performance (including, without limitation, any Account).

  • Receivables means the Accounts, Chattel Paper, Documents, Investment Property, Instruments and any other rights or claims to receive money which are General Intangibles or which are otherwise included as Collateral.

  • Eligible Receivable means, at any time, a Receivable: