Cushion

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Related to cushioning: cushioning effect

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 ?
We are encouraging all of our manufacturers to use Reflex Polymer Cushioning," George says.
Dynamic performance curves for 5-cm-thick non-voided foam samples (by changing area) and voided specimens indicated that the introduction of square voids significantly improved cushioning ability at higher static loads [ILLUSTRATION FOR FIGURE 6 OMITTED].
Perhaps the most direct method for selecting an impact-cushioning material is the use of cushioning efficiency curves, or J-curves (see figure 1).
These provide complete stability with virtually no cushioning, controlling the extreme pronator.