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 ?
These cells not only produce many of the morphogens that will lead to the epithelial-mesenchymal-transition in the endocardial cushions, but also produce many of the matrix components that the mesenchymal cells will utilize as a migratory substratum.