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 ?
The Firenze Pillow has exclusive Morpheus (named after the Greek god of dreams) spring pocketed coils, which provide an air reservoir that is constantly activated by minimal pressure changes so that heat and moisture can easily escape and fresh air can gently flow with even slight movements of the head.
Side sleepers may need a firmer pillow on the thicker side.
On average, the general public replaces their pillow once every three and half years.
Stack magazines and nestle the throw pillow above them.
The black travel pillow contains fantastically soft memory foam which moulds to the shape of the wearers head and neck, providing an excellent source of support as the wearer sleeps.
If that wasn't enough, the pillow comes with a custom made Louis Vuitton case.
Personal sleeping preferences also play a huge role in determining which pillow to buy, said Emily Hull-Martin, fashion director for home at Bloomingdale's.
uk) JENNIFER PEGLER beats the summer heat with a 'cool' new pillow
For I have never had to buy a single pillow before now.
King Koil's iFusion technology pillow is designed to feel like a traditional memory foam pillow, but is infused with visco gel beads to make sleep comfortable, supportive and cooler.
THE PILLOW IS AN ARTICLE OF BEDDING INDISPENSABLE IN DAILY LIFE, WITH the most common pillow being made of cotton or silk and stuffed with soft materials.