S – Compendium of Real Estate Terms & Concepts

A service specification is a document that quantifies the minimum acceptable (technical) standard of service required by the customer and will generally form a part of the contract with the service provider. The production of the service specification is a prerequisite in the negotiation and drafting of SLAs and should…

The various definitions and explanation given to the concept of Securitisation is as follows: • The process of creating a financial instrument by combining other financial assets and then marketing them to investors (Investment Dictionary, 2000).