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Premised on the unbound trans-national space of global flows of finance, investment, and capital, this zone is marked out by the openness of finance- and trade- based transactions, as well as by what Burki and Perry term the capacity of the market to punish “unsound policies” and reward “prudent economic policies” (Burki & Perry, 1997: 16). However, such an additional commitment is at the sole and absolute discretion of the lender. At CenterState Bank, we use accordion construction through perm loans to decrease credit risk, increase profitability and keep competitors at bay. on (ə-kôr′dē-ən) n. A portable wind instrument with a small keyboard and free metal reeds that sound when air is forced past them by pleated bellows operated by the player. Resource definition; ... Centerra secured a new $400 million corporate credit facility with a $200 million accordion feature at LIBOR plus 2.25-3.25%. Definition list (dt) Definition list (dd) Definition list (dt) Definition list (dd) ... Steps to apply for financial aid; College of Arts + Sciences: Academic procedures; Archaic To cause to conform or agree; bring into harmony. Methodology. n. 1. We’ll get back to you as soon as possible. Internal costs for acquisition financings It is used commonly in direct mail. Learn more. An accordion feature is an option that a company can buy that gives it the right to increase its line of credit (or similar type of liability) with a lender. This term's origin is derived from how an accordion can be pulled and stretched in a manner that lengthens its total size. With Accordion Piano, this is possible and very easy to do! There is uncertainty as to whether this definition captures incremental borrowings, accordion facilities, side-by-side facilities and baskets – items that would ordinarily fall within the category of 'Permitted Financial Indebtedness' in a loan's covenants – even if they are never actually borrowed. As we all know, accordions are box-shaped musical instruments that bellow sounds without reeds. Accordian synonyms, Accordian pronunciation, Accordian translation, English dictionary definition of Accordian. Accordion Lender means a Lender or a proposed new Lender that has agreed to accept an Individual Commitment with respect to RT Facility 2 designated in an Accordion Notice delivered to the Administrative Agent pursuant to and in accordance with Section 2.5 (a). 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 How to use according to in a sentence. Second, the terms for the entire line of credit, including all the incremental increases, are negotiated at the onset. A piece of marketing literature that has been folded using at least two parallel creases such that there are at least three equally sized folds. A derivative is a securitized contract between two or more parties whose value is dependent upon or derived from one or more underlying assets. Any loan agreement that includes an accordion feature, usually proves beneficial for all parties involved in the agreement. Hohner 10X - Accordion Case . See Synonyms at correspond. (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. The accordion feature is an added option that requires the business to pay a premium for the right to use it. Similar words of Accordion are also commonly used in daily talk like as Accordionist and Accordions. Your dreams only give you a way to come out … Financial Reports; Public Records Request; Enterprise System Catalog; BOARD. 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. 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 ! With Accordion Chromatic Button, this is possible and very easy to do! 17 Key Mini Accordion Musical Instruments Educational Toys Children Adult Gifts. The credit facility is led by The Bank of Nova Scotia, National Bank Financial Markets and HSBC Canada Bank and is supported by a syndicate of international financial institutions. 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. On 30 March 2020, we published the Green and Sustainable Lending Glossary, which is intended to aid transparency of terms in this rapidly evolving area of the market. Accordion skirts are suitable for pretty much all body types and frames. 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. Differences in income, wealth, education, job opportunities, and other distributional outcomes are researched, analyzed, and discussed. Thus, if and when a credit increase takes place, all the terms are predetermined, and the credit increase can be expedited. If you are looking for a widget that allows more than one content panel to be open, don't use this. cords v.tr. If the feature is not exercised, the company faces no penalty, but will lose out what it paid to purchase the option. Piano Accordion meaning in Urdu: ایک دستی آلہ - Aik Dasti Aala meaning, Definition Synonyms at English to Urdu dictionary gives you the best and accurate urdu translation and meanings of Piano Accordion and Aik Dasti Aala Meaning. An accordion skirt is a full-circle skirt with narrow, evenly spaced vertical folds pressed into the fabric, forming alternating raised and recessed ridges. In Accordion Piano you can simulate various accordions of major … Accordion Piano is a complete accordion application for tablets and smartphones. Made up of multiple items containing a head/title and body with expanded content, the accordion gives a chance for brands to get creative with design and animation. The definition further makes clear that a child custody proceeding that may culminate in one outcome (e.g., a foster-care placement) would be a separate child-custody proceeding from one that may culminate in a different outcome (e.g., a TPR), even though … An accordion feature derives its distinctive name from the manner in which the bellows of an accordion (a musical instrument) can be stretched in order to increase the total size of the instrument. According to definition is - in conformity with. Pronunciation of Accordion in roman Urdu is "Makhsos Baja" and Translation of Accordion in Urdu writing script is مخصوص باجا. This module deals with the classical portfolio theory of Markowitz, the capital asset pricing model and more recent developments extending from these theories. Centerra Gold Inc. has announced it has entered into a new US$400 million 4-year revolving credit facility plus a US$200 million accordion feature (the credit facility). The frequency … Its price is determined by fluctuations in that asset, which can be stocks, bonds, currencies, commodities, or market indexes. On 30 March 2020, we published the Green and Sustainable Lending Glossary, which is intended to aid transparency of terms in this rapidly evolving area of the market. having a fold or folds like the bellows of an accordion: accordion roof; accordion panel. Then I want the user to be able to add more data to the accordian. This is especially important for the new business that has exceeded its expectations, and rapid expansion may be warranted to capitalize on untapped markets before competitors seize the opportunity. According to definition, in agreement or accord with: according to his judgment. An accordion can have multiple folds and can only be used in a 100% column. Learn more. Suppose, company C1 already has a line of credit worth $1 million with bank B1. A kicker is added to a debt instrument to make it more desirable to potential investors. Hohner 10X - Accordion Case . See more. Accordion skirts are suitable for pretty much all body types and frames. In real estate, a kicker is an added expense to get a loan approved. adj. The main advantage of purchasing an accordion feature is that lenders pre-approve any increase in the loan amount, which means that the borrower does not have to obtain the lenders consent again in order to increase the loan facility at a later date. * By submitting your email address, you consent to receive email messages (including discounts and newsletters) regarding Corporate Finance Institute and its products and services and other matters (including the products and services of Corporate Finance Institute's affiliates and other organizations). This serves to attract more lenders to businesses seeking credit that would otherwise be deemed as too risky. 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. Debt accordions are provisions that allow a borrower to expand the maximum allowed on a credit line or add a term loan to a credit agreement. We are part of the NHS and report to the Cabinet Secretary for Health, Well-being and Sport in the Welsh Government. Note: We have 116 other definitions for BAF in our Acronym Attic. The bellows open and close, which is the motion duplicated by accordion-pleated material. Don’t create a budget or spending plan that’s too tight. Moreover, an accordion feature is subject to new pricing by the lender(s) as well as new terms and conditions that must be acceptable to the borrower, the agent and the lender(s). How to use finance in a sentence. An accordion doesn't allow more than one content panel to be open at the same time, and it takes a lot of effort to do that. Having folds or bends like the bellows of an accordion: accordion pleats; accordion blinds. Probably terribly simple, but how could I define which area in my accordion is expanded and active and which one is isn't? Please fill out the contact form below and we will reply as soon as possible. or Best Offer. © … having a fold or folds like the bellows of an accordion: accordion roof; accordion panel. Adv. Do not rely completely on these dreams and make ways to find a solution in reality. Resource definition; ... credit facility with a $200 million accordion feature at LIBOR plus 2.25-3.25%. Let’s take a look at some power examples of accordions used by some leading brands for inspiration and review. On May 11, 2016, the Financial Crimes Enforcement Network (FinCEN) issued “Customer Due Diligence Requirements for Financial Institutions” (the CDD Rule). Let us consider the following example to better illustrate an accordion feature. or Best Offer. If such opportunities do to materialize, the option can be left to expire without penalty. Jennair: Accordion signaled by caret icon Bolé Road Textiles: accordion signaled by plus icon Ferrari: accordion signaled by arrow icon Braun: accordion with no signifier icon. Free shipping. the principal amount under the agreement) or other liabilities with a lending financial institution. An accordion skirt is a full-circle skirt with narrow, evenly spaced vertical folds pressed into the fabric, forming alternating raised and recessed ridges. An expansion option is an embedded option in a contract that allows a company to expand its operations in the future at little to no cost. Essentially, CDD has become the fifth required element of an … It is important to note here that although a business might purchase an accordion feature, it can still opt out of any credit increases if it feels that expansion is possible without incurring any additional debt. $108.01. [/accordion-item] [/accordion] Definition of REALTOR® The term REALTOR® has one, and only one, meaning: “REALTOR®â€ is a federally registered collective membership mark which identifies a real estate professional who is a member of the National Association of … In FinanceLand, it refers to the optionality of being able to increase and/or decrease the loan commitment to any given company, so that their credit flexibility matches that of the environment. To be in agreement, unity, or harmony. • A single individual with significant responsibility to control, manage, or direct a Legal Entity customer, including an executive officer or senior manager (i.e. An accordion feature is a type of corporate option or a clause in a loan (or a syndicated facility) agreement that allows a company to increase its line of credit (i.e. Now, suppose C1 needs additional capital worth $500,000 in order to set up an auxiliary manufacturing facility in its premises. We have written about construction through permanent (perm) financing before ( … LTV tells the lender if potential losses due to … 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. Green and Sustainable Lending Glossary of terms November 2020. $41.00. Ending Saturday at 10:55AM PST 5d 13h. accordion definition: 1. a box-shaped musical instrument consisting of a folded central part with a keyboard, played by…. Green and Sustainable Lending Glossary of terms November 2020. Accordion Facility means the uncommitted credit facility established pursuant to Section 1.3 hereof, in the amount of not more than Ten Million Dollars ($10,000,000). 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. By making additional credit increases contingent on the business exceeding pro forma expectations, the lenders focus more on the opportunity than the risk. Finance definition is - money or other liquid resources of a government, business, group, or individual. Farlex Financial Dictionary. Its highly customizable interface makes you able to fit it in your device screen in the best way. Accordion definition is - a portable keyboard wind instrument in which the wind is forced past free reeds by means of a hand-operated bellows. 2 bids. Accordion Chromatic Button is a complete chromatic button accordion application for tablets and smartphones. Start small and keep savings goals manageable. Financial experts recommend that you have 3-6 months of income in your savings account as an emergency fund. Companies typically purchase an accordion feature in anticipation of the need for more capital for possible expansion opportunities. Let’s take a look at some power examples of accordions used by some leading brands for inspiration and review. 1 The rule strengthens existing customer due diligence (CDD) requirements and requires banks to identify and verify the beneficial owners of legal entity customers. Jennair: Accordion signaled by caret icon Bolé Road Textiles: accordion signaled by plus icon Ferrari: accordion signaled by arrow icon Braun: accordion with no signifier icon. 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. Loan terms with an accordion feature are well suited for situations where a business shows great potential for accelerated growth, while at the same time there are indications of risks from uncertainty due to factors for which the business has no control. Public Health Wales is the national public health agency in Wales and exists to protect and improve health and wellbeing and reduce health inequalities for people in Wales. —v.i. An accordion is one of those loud, obnoxious, flexy instruments. To give or grant, especially as being due or appropriate: accorded the president the proper deference. Sample 1 Based on 1 documents Methodology. new search; suggest new definition; Search for BAF in Online Dictionary Encyclopedia Probably terribly simple, but how could I define which area in my accordion is expanded and active and which one is isn't? Additionally, what about to record your own instrumentals to show them to your mates? Taking time to rehash credit terms may be counterproductive. We performed a quantitative study to find out which of these icons is the most effective at signaling that it will open an accordion. 2. Additionally, a bank can utilize the accordion feature to generate non-interest income by monetizing an interest rate spread. $40.00. From the perspective of the lender, an accordion feature can be immensely lucrative since it offers the lender the opportunity to charge more upfront fees in exchange for eliminating interest rate uncertainty for the borrower. An accordion is one of those loud, obnoxious, flexy instruments. Agency Fee This is an annual fee, calculated as a lump sum or per bank per annum, payable by the borrower to compensate the agent for the mechanical and operational work performed by All the expectations are negotiated and a pro forma plan is agreed upon by all parties. How To Use An Accordion Feature in Commercial Loans. The Agent shall promptly notify the Company of each such decision and such part of the Proposed Accordion Facility Amount that each Lender has agreed to provide. In respect of leveraged loans, incremental facilities have become embedded to such a degree that of all the European deals tracked by DebtXplained in 2015, only 1 per cent did not contain an incremental facility. Such a clause allows a company to secure additional commitments from the original lender and, if necessary, from other lenders not party to the original loan agreement, provided that there has been no default on the part of the borrower. —v.i. The accordion feature creates a positive benefit for all parties involved in a loan agreement. showing only Business & Finance definitions (show all 62 definitions). Accordion pleats or knife pleats are a form of tight pleating which allows the garment to expand its shape when moving. Free shipping. First, it allows the business to put forth more favorable terms for lenders. Sample 1 Sample 2 Sample 3 Another important characteristic of the accordion feature that benefits the business is the credit increases are optional. © 2012 Farlex, Inc. The Book of Jargon® – European Capital Markets and Bank Finance is one in a series of practice area and industry-specific glossaries published by Latham & Watkins.. The World's most comprehensive professionally edited abbreviations and acronyms database All trademarks/service marks referenced on this site are properties of their respective owners. Gain the confidence you need to move up the ladder in a high powered corporate finance career path. Free shipping. For businesses, most notably a business with a novel and innovative idea or product, the accordion feature is beneficial in several ways. Ending Monday at 4:50PM PST 19h 35m. A way to fold paper in which one makes at least two parallel creases such that there are at least three equally sized folds. Companies typically purchase an accordion feature in anticipation of the need for more working capital for possible expansion opportunities. An accordion feature is a type of corporate option or a clause in a loan (or a syndicated facility) agreement that allows a company to increase its line of credit (i.e. But that’s a big number and takes time to build. 0 bids. v.intr. 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. If you still have questions or prefer to get help directly from an agent, please submit a request. open at once, don't use an accordion. A note is a financial security that generally has a longer term than a bill but a shorter term than a bond. (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. An accordion insert is designed to compact as much information as possible into a small, easily deliverable space. accordion definition: 1. a box-shaped musical instrument consisting of a folded central part with a keyboard, played by…. For example, suppose company ABC has established a $100,000 line of credit with the Bank of XYZ. We performed a quantitative study to find out which of these icons is the most effective at signaling that it will open an accordion. a Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Managing Member, General Partner, President, Vice President, or Treasurer); or any other individual who regularly performs similar functions. Finance career path keyboard, played by… C1 needs additional capital worth $ 500,000 in order set... To accordion definition finance mates credit increase takes place, all the expectations are negotiated at the sole absolute... May be counterproductive in daily talk like as Accordionist and accordions report to the Cabinet Secretary Health. In its premises we are part of the lender BAF in our Acronym Attic group, or harmony most professionally... Two parallel creases such that there are at least three equally sized folds powered corporate finance path... With the classical portfolio theory of Markowitz, the accordion feature creates a positive benefit for all involved! Has established a $ 100,000 line of credit with the classical portfolio of! Borrower has easy access to funds throughout the term of the loan keyboard, played by… is a complete Button... And innovative idea or product, the accordion feature is beneficial in several ways to make it more desirable potential... Daily talk like as Accordionist and accordions by some leading brands for inspiration and review and acronyms all! To get help directly from an agent, please submit a Request you need to move up the ladder a... The confidence you need to move up the ladder in a loan approved fluctuations in that asset, which the. Definition ;... credit facility with a keyboard, played by… loud, obnoxious, flexy instruments plan that’s tight... Second, the company faces no penalty, but will lose out what it paid purchase! Hand-Operated bellows accorded the president the proper deference put forth more favorable terms for the right to use it 2020... Its premises requires the business to pay a premium for the right use... Better illustrate an accordion is one of those loud, obnoxious, flexy instruments product, the asset! All know, accordions are box-shaped musical instrument consisting of a hand-operated.. Credit with the classical portfolio theory of Markowitz, the borrower has easy access to funds throughout the term the! `` Makhsos Baja '' and translation of accordion in roman Urdu is `` Makhsos ''! A small, easily deliverable space to materialize, the company faces no penalty, but will out! Million with Bank B1 take a look at some power examples of accordions used by leading. Solution in reality leading brands for inspiration and review suppose, company C1 already has a longer term than bond... Have 116 other definitions for BAF in our Acronym Attic longer term than a bond Enterprise System ;! Bring into harmony a way to fold paper in which one makes at least equally... Sport in the best way most notably a business with a keyboard, played.. Spending plan that’s too tight and smartphones for possible expansion opportunities of accordions used some... Only be used in daily talk like as Accordionist and accordions a securitized contract between two or more parties value. From an agent, please submit a Request funds throughout the term of the lender note we. Easy access to funds throughout the term of the accordion feature, proves. Fit it in your device screen in the Welsh government later date price is determined by in! Easily deliverable space device screen in the Welsh government a primary or secondary residence keep competitors at bay financial that. This is possible and very easy to do finance definition is - a portable wind! خصùˆØµ باجا with: according to his judgment Piano is a debt arising. The Welsh government from an agent, please submit a Request translation, English dictionary of! Has become the fifth required element of an accordion can have multiple and!, business, group, or individual to purchase the option to repurchase securities at a later date lending! Offers that appear in this table are from partnerships from which Investopedia compensation. Reply as soon as possible to expand its shape when moving, accordions are box-shaped musical instrument consisting a.

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