Residual cover

Residual cover

The cash flow remaining after a project financing has been repaid, expressed as a percentage of the original loan. Residual cushion.

Residual Cover

Remaining cash flow on a project after debt service, expressed a percentage of the loan amount.
References in periodicals archive ?
The residual cover compensated partially for the lack of water, and although duck numbers fell, they didn't drop to the depths waterfowlers suffered through in the early 1960s and late 1980s.