Cushion

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Related to Endocardial cushions: endocardial cushion defect

Cushion

In the context of project financing, the extra amount of net cash flow remaining after expected debt service.

Cushion

1. Period of time during which a bond cannot be called. Interest payments are guaranteed during the cushion, but not after, as the bond may be prematurely redeemed at any point after the call date.

2. A reserve account, or the function a reserve account serves, usually to pay off bad debt.

3. An advantageous debt-to-equity ratio, usually less than 40%.

cushion

References in periodicals archive ?
0 cm CVRL foetal heart, the endocardial cushions developed.
Mandarim-de-Lacerda, "Human cardiac development: total volumetric increase of the heart, ventricular myocardium and endocardial cushions during the embryonic period," Arquivos Brasileiros de Cardiologia, vol.
The endocardial cushions then bend, or arch, so that they are positioned correctly over each ventricle.