Cushion


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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've picked out a handful of our favourite cushions that you can buy right now.
While neither of the existing and commonly used thoracolumbar injury tolerance metrics is correlated to injury potential in this loading scenario, they are utilized to assess the influence of a cushion relative to an impact on a rigid structure.
Cushion, created from AmorePacific Group's innovative technology, is a revolutionary product that is changing the makeup routines of women across the world and is going to be at the center of a global beauty trend in 2015," said Suh Kyung-Bae, chairman and CEO of AmorePacific Group, "AmorePacific Group will continue to pioneer and lead the global cushion market with the company's unparalleled technology and superior products.
It offers the first comparison of how two commonly used cushion technologies--foam-based and air-cell-based --stack up with respect to tissue deformation.
A study conducted by Independent Textile Testing Service in Dalton, GA, showed that commercial bonded polyurethane carpet cushion improved the appearance retention of carpet after heavy foot traffic by as much as 50 percent compared to the same carpet installed without cushion.
The cushion also provides additional stability for the cannulator's hands and forearms (see Figure 2).
It seems wasteful to throw away a perfectly good seat just because the cushion wears out.
And cushions add a finishing touch like nothing else
A new Stainmaster carpet cushion has been developed that promises easier, more effective cleanup of carpet spills and fewer problems with entrapped moisture.
When triggered by the airbag sensor, a magnetic switch triggers the U-shaped locking device, and two coil springs extend the cushion portion of the head restraint forward along a notched ramp.