Application - User`s application filled in on the Website for Claim purchase.
Assignee - User of Kviku.Finance who purchased a Claim from the Assignor in accordance with the procedure and under the terms of the Assignment Agreement.
Assignee’s bank account - a current account opened in the name of the Assignee with payment institution or a credit institution or its branch.
Assignment Agreement - agreement concluded between the Assignor and the Assignee on purchase of Claim.
Assignor - the Lender, who, under the Assignment Agreement, assigns the Claim to the Assignee.
Assignor’s bank account - a current account opened in the name of the Assignor with payment institution or a credit institution or its branch.
Borrower - natural or legal person that concluded the Loan Agreement with the Lender.
Claim – a Creditor’s rights of claim or a part thereof towards the Borrower, arising from the Loan Agreement. Amount of Claim is always indicated in the Assignment Agreement.
Claim Management - all actions taken by the Lender or Kviku Finance permitted by the Assignment Agreement or other relevant agreements concluded with the Assignee on issues relating to the Claim.
Creditor - Lender or User owns Claim towards the Borrower in full or in part in accordance with conditions of the Loan Agreement and the Assignment Agreement.
Interest rate under the Loan Agreement - remuneration paid by the Borrower for use of the amount of the Loan stipulated in the Loan Agreement, considering that interest is calculated based on the provisions of the Loan Agreement.
Interest rate under the Assignment Agreement - predetermined remuneration defined in the Assignment Agreement that the User receives for the purchased Claim, considering that Interest rate shall not be directly linked to the Interest established in the Loan Agreement and is set separately.
Lender - a legal entity that grants a Loan to the Borrower in accordance with the Loan Agreement.
Loan - amount of funds granted by the Lender to the Borrower under the terms of the Loan Agreement.
Loan Agreement - Loan Agreement concluded between the Lender and the Borrower.
Parties - Kviku Finance and the User.
Price of the Claim - a fee payable by the Assignee to the Assignor for the Claim or its part. It is always indicated in the Assignment Agreement.
Registration Application - an application filled out by a natural or legal person on the https://kviku.finance/to register as a User.
Kviku Finance - Kviku Holding LTD, registration number: HE 382807, registered address: Gladstonos, 124, The Hawk Building, 1 floor, 3032, Limassol, Cyprus, email address: firstname.lastname@example.org
Kviku Finance bank account - a current account opened in the name of the KVIKU.FINANCE with a payment institution or a credit institution or its branch.
Kviku Finance Website/Website - Website, which is located at web address https://kviku.finance/, where natural and legal persons can register as Users to use the services provided there.
Kviku Invest - an application available on the Kviku Finance Website which allows Users to fund the Claims listed automatically in accordance with the criteria set by the User.
User - a person registered on the Kviku Finance Website as its user, including an Assignor, an Assignee, and a Creditor.
User’s bank account - a current account opened in the name of the User with payment institution or a credit institution or its branch registered.
User’s profile - the User’s personal profile on the Kviku Finance Website, which is automatically created after the User registers on the Website and is constantly available to the User after entering the User’s email address and password on the Website.
User’s virtual account - a separate account provided for each User by Kviku.Finance which reflects the amounts of funds transferred to the respective virtual account.