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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 ?
Pressure magnitude is managed by the selection of wheelchair cushions, other support surfaces, and body posture as one rests upon these supporting surfaces.
* The capacity of the wheelchair cushion to reduce loading conditions that may increase the risk for developing deep tissue injury.
If standard wheelchair cushions are deemed inadequate, individuals with SCI may require custom seating.
Comparison of three wheelchair cushions for effectiveness of pressure relief.
Biomedical Systems has added the Air Flow[R] Wheelchair Cushion to its line of pressure sore prevention products.
No method currently exists for measuring internal tissue deformations noninvasively; so wheelchair cushion design and selection are based mostly on measuring sitting pressures.
The mapping tool is a pad that is placed on the wheelchair cushion between the buttocks and cushion.
BG Industries has introduced its new AccuMax[TM] Quantum[TM] Convertible Wheelchair Cushion. This state-of-the-art seating cushion is a fully functional therapeutic device whether powered by its optional portable battery pack or used in its nonpowered mode.
Pending these future studies, weight-bearing MRI could systematically support wheelchair cushion design and selection.
Biomedical Systems has added the Air Flow Wheelchair Cushion to its line of pressure sore prevention products.
As the wheelchair cushion industry matures, the focus on prevention of decubitus formation shifts from tissue loading to the contributing factors in sore formation.
Biomedical Systems has introduced a patented wheelchair cushion designed to prevent, relieve and speed the healing of coccyx pressure sores by elevating the tailbone, reducing pressure and providing comfortable seating.