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In the context of project financing, the extra amount of net cash flow remaining after expected debt service.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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%.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.
References in periodicals archive ?
And you could do a lot worse than choosing one of these cushions as your starting point as they are, in my opinion, works of art in themselves.
PS11.99, MR & MRS 2019 FOIL SLOGAN CUSHION: The perfect addition to any wedding gift for newlyweds this year.
The recalled products were sold under the Armor All brand name and are operated by plugging the cushion or blanket into a vehicle's 12V cigarette lighter socket.
It really is as simple as adding or changing cushions to add some Christmas cheer to your rooms - and here are some pretty perfect pouffes to bring that festive feeling to this week's get the look
A notice on the Trading Standards website reads: "The two-pack cushions and velvet cushions shown in the below pictures do not meet our usual high standards for quality and safety.
In total, 10 in situ tests were conducted on unreinforced and geobelt-reinforced gravel cushions over saturated silt soil.
This winter season there is a wide choice of animals to choose from and these cute cushions are a great way to add this trend to your home
LIVING ROOM BEDROOM Photographic Duvet Set from PS9.99, Photo Print Cushions PS3.99, Heated Throw PS29.99, Twig Lights PS9.99 all from Aldi Left: Red check cushion, PS7 from Primark Below: Red and navy tartan supersoft throw, PS5 from Primark
CUSHIONS COVERED HARRIET HARE CUSHION COVERS MADE from soft cotton jacquard with hypoallergenic microfibre cushion pads, these cushion covers are removable and washable.
The properties of wheelchair cushions influence the cushion's comfort and ability to protect users from excessive forces during everyday activities such as riding over rough ground or bumping down curbs.
There are plenty of seat cushion materials to choose from, including the widely-used and mostly inexpensive foam and more complex ones such as air-cell-based, honeycomb or gel cushions.