Accordion Feature: so called because it resembles the expanding musical instrument that shares its name, this is a feature in a Credit Agreement that allows the Borrower to increase the maximum commitment amount under a Revolver or to incur additional Term Loan debt under circumstances specified in the Credit Agreement. Accordion skirts are suitable for pretty much all body types and frames. Accordion pleats or knife pleats are a form of tight pleating which allows the garment to expand its shape when moving. $108.01. We are part of the NHS and report to the Cabinet Secretary for Health, Well-being and Sport in the Welsh Government. showing only Business & Finance definitions (show all 62 definitions). the principal amount under the agreement) or other liabilities with a lending financial institution. That’s why we hired Accordion and it has made a huge difference for us.” ... team sit down 1-on-1 with the deal team to explain the situation of the company in their own words — and have the finance team do the same with the investment thesis. By making additional credit increases contingent on the business exceeding pro forma expectations, the lenders focus more on the opportunity than the risk. $40.00. Methodology. Get world-class financial training with CFI’s online certified financial analyst training program FMVA® Certification Join 350,600+ students who work for companies like Amazon, J.P. Morgan, and Ferrari ! For example, suppose company ABC has established a $100,000 line of credit with the Bank of XYZ. Accordion Feature Definition. Let us consider the following example to better illustrate an accordion feature. Don’t create a budget or spending plan that’s too tight. (of a door, roof, or other covering) to open by folding back or pressing together in the manner of an accordion: The roof of the car accordions to let in sunlight and fresh air. Start small and keep savings goals manageable. —v.i. If you are looking for a widget that allows more than one content panel to be open, don't use this. This term's origin is derived from how an accordion can be pulled and stretched in a manner that lengthens its total size. How to use according to in a sentence. The definitions provide an introduction to each term and may raise complex issues on which specific legal advice is required.The terms are also subject to change as applicable laws and customary practice evolve. Such loan terms are especially preferred by businesses that typically demonstrate strong potential for accelerated growth, while at the same time being wary of risks from uncertainty stemming from factors outside their control. A lender is able to somewhat mitigate the risk of the noted uncertainty by increasing a line of credit incrementally, with each increment made contingent on the future realization by the business of specific predetermined expectations, and an increased certainty of the aforementioned uncontrollable factors. open at once, don't use an accordion. new search; suggest new definition; Search for BAF in Online Dictionary Encyclopedia Once the preserve of large cap deals and top tier sponsors, incremental facilities (which can otherwise be known as accordion or additional facilities) have become a permanent feature of the leveraged loan markets and are becoming increasingly common in the corporate loan space. Financial Reports; Public Records Request; Enterprise System Catalog; BOARD. Accordion file definition is - a folder that is used for the organization and storage of documents and files and that has pleated sides which allow expansion of the folder. However, such an additional commitment is at the sole and absolute discretion of the lender. A kicker is added to a debt instrument to make it more desirable to potential investors. The Everything Accordion is a simple widget that shows wordpress widgets, posts and pages in an pretty accordion.It enables you to control: 1. displaying the widgets 2. displaying the separated posts 3. displaying the pages 4. displaying posts of some specific categories 5. different filters for posts and pages 6. How to use finance in a sentence. Additionally, what about to record your own instrumentals to show them to your mates? Free shipping. 1. accordingly - (sentence connectors) because of the reason given; "consequently, he didn't do it"; "continued to have severe headaches and accordingly returned to the doctor" In other words, the borrower has easy access to funds throughout the term of the loan. Green and Sustainable Lending Glossary of terms November 2020. Definition 2 A graph map f: [G.sub.1] [right arrow] [G.sub.2], is called a graph folding if and only if f maps vertices to vertices and edges to edges, i.e., Relation between chromatic number and graph folding Probably terribly simple, but how could I define which area in my accordion is expanded and active and which one is isn't? Hohner 10X - Accordion Case . An accordion is a keyboard with an expandable bellow chamber that is strapped around the musician’s neck and played with an in-and-out motion of the arms. First, it allows the business to put forth more favorable terms for lenders. Your dreams only give you a way to come out … Any loan agreement that includes an accordion feature, usually proves beneficial for all parties involved in the agreement. That generally has a longer term than a bond, this is possible and very easy to do effective signaling!, CDD has become the fifth required element of an accordion feature anticipation! 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In your savings account as an emergency fund showing only business & finance definitions ( show all 62 definitions.. Small, easily deliverable space feature in anticipation of high growth scenarios, including all the incremental,! Us consider the following example to better illustrate an accordion feature at LIBOR plus 2.25-3.25 % the following example better...