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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 ?
4) The Tsubo Wazata ($140) has a sleek design and a double-density polyurethane footbed that's firmer in the heel for support and softer by the toe for cushiony comfort.
These shoes have soles made from the wheels' treed and a cushiony foot bed of finely ground tire.
For supreme comfort, your dog lounges on cushiony water- and stain-resistant fabric.
Company officials say the new diapers, which replace the current line of Huggies Supreme diapers, have a 20% more cushiony design, are 10% thinner, and, in keeping with fashion trends, have contemporary graphics and designs.
The Playskool baby wipe is made to be extra soft and extra strong with a unique cushiony texture and mild cleansing solution that leaves the baby feeling more refreshed.
Even AeroBed has added foam to its portable airbed line, with the introduction of a Premier Memory Foam design that includes a cushiony layer of viscoelastic held in place by a stitched-on mattress topper, retailing for $299.
Downstairs area and rooftop patio feature cushiony sofas and Moroccan lanterns, catering to early meetings, dinner and a latenight rendez-vous.
Making her HGO debut, Canadian soprano Alexandra Deshorties was a commanding presence as Elettra, especially in her scarlet first-act gown, and her cushiony but thrusting, soprano handled both yearning and rage with equal effectiveness.
It can be very light and cushiony, but the lighter it is, the less durable it is.
In the hand, women will immediately notice the CZ's shorter grip, which is a boon for small hands, and the cushiony rubber grips.