Acronyms used at UGA and UAS
| Acronym | Translation | Definition |
|---|---|---|
| API | Application Programming Interface | A collection of code that, rather than being run directly by the user as a program, is meant to be used by other programs |
| CHD | Consumer Help Desk | Internal team to help drive customer satisfaction |
| DONP | Date of Next Payment | Date on which the next scheduled payment is due to be paid |
| FP | Finance Program | Program in which outlines the terms and conditions |
| FPS | Financial Program Services | UGA Team that manages financial programs |
| LOC | Line of Credit | An amount of credit extended to a borrower |
| MOT | Modification of Terms | Change to the original agreement of terms |
| NSF | Non-sufficient funds | The status of an account that does not have enough money to cover transactions |
| PMT | Payment | An amount paid or payable |
| POS | Point of Sale | The time and location of the Consumer paying for or applying for financing for goods or services from a Merchant |
| PUR - SRV | Purchasing - Servicing | Contract is not owned by the Merchant due to being sold or originated by a Direct Lender it will be PUR, if Merchant has an in-house program then SRV. |
| RICA | Retail Installment Credit Agreements | An agreement, or an instrument reflecting a sale made pursuant thereto, entered into or performed in this state for a retail installment transaction |
| RTV | Refuse to Verify | Indivdual applying for credit was unable to confirm their identify |
| ToT | Time of Transcation | Represent the value of the account at the time of the transaction. |
| UAS | Universal Account Servicing | Universal Account Servicing, LLC (UAS) is the third-party billing service provider for the UGA Finance Program |
| UTV | Unable to Verify | Unable to verify the identify of an applicant applying for credit / funding |
Nomenclature
An internal nomenclature has been developed to help organize and distinguish reference numbers and to quickly identify types of accounts. Here's what you need to know to understand references to case numbers, account numbers, program codes and merchant invoices.
| Type | Description | Example |
|---|---|---|
| Account # | 7 Character Random Account Number uniquely assigned by our system. Accounts can contain multiple Contracts or Loans | ABC1234 |
| Client | Merchant providing goods or services to a consumer through the UGA Finance Program | ABC Company |
| Consumer | Individual receiving goods or services from the client, applying for financing through Merchant at the Point of Sale, using the UGA Finance Program. | John Doe |
| Contract # | Account # with suffixed defining the type of contract and the number of contract on the account. | ABC1234LOA01 |
| Program Code | 5 Character code provided by uSupport | TEST12 |