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


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%.


References in periodicals archive ?
The most cushioned shoes have not been shown to decrease impact forces or injuries," he notes.
A post-injury return to running, then, might look something like this: A move toward greater stability and so into a stability shoe and away from the less stable cushioned shoe; followed by an over-the-counter orthotic if necessary; followed by a stability shoe with a custom orthotic if necessary; and only then a move to a motion control shoe.
Fans will enjoy some extra comfort at Sunday's game after 65,000 GM cushioned seat covers are installed.