Cushion

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Related to Endocardial cushions: endocardial cushion defect

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 ?
Failure of the endocardial cushions to form will produce a classic congenital heart defect, an AV canal defect (also known as an endocardial cushion defect).
The ventricular septum is formed by contributions from the primitive ventricle and bulbus, the endocardial cushions, and the conal cushions (part of the tissue that develops into the pulmonary artery and aorta).
This indentation forms a crescent of tissue that folds in and actively grows downward toward the ventricles to meet the endocardial cushion tissue, which is simultaneously developing there.