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The accordion feature is an added option that requires the business to pay a premium for the right to use it. 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. 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. We’ll get back to you as soon as possible. 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. 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. 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). 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. the principal amount under the agreement) or other liabilities with a lending financial institution. An accordion insert is designed to compact as much information as possible into a small, easily deliverable space. having a fold or folds like the bellows of an accordion: accordion roof; accordion panel. 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 principal amount under the agreement) or other liabilities with a lending financial institution. In real estate, a kicker is an added expense to get a loan approved. Let us consider the following example to better illustrate an accordion feature. Free shipping. For businesses, most notably a business with a novel and innovative idea or product, the accordion feature is beneficial in several ways. 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). An accordion feature in a line of credit allows a business to increase that line of credit if necessary, often to obtain more working capital or emergency cash. 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. 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. How to use finance in a sentence. Differences in income, wealth, education, job opportunities, and other distributional outcomes are researched, analyzed, and discussed. 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. We have written about construction through permanent (perm) financing before ( … 2. —v.i. 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. Materials. 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. 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. © 2012 Farlex, Inc. To be in agreement, unity, or harmony. 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. new search; suggest new definition; Search for BAF in Online Dictionary Encyclopedia With Accordion Chromatic Button, this is possible and very easy to do! 1 The rule strengthens existing customer due diligence (CDD) requirements and requires banks to identify and verify the beneficial owners of legal entity customers. 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). 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. Resource definition; ... Centerra secured a new $400 million corporate credit facility with a $200 million accordion feature at LIBOR plus 2.25-3.25%. Financial experts recommend that you have 3-6 months of income in your savings account as an emergency fund. $41.00. 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 skirts are suitable for pretty much all body types and frames. 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. 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. A way to fold paper in which one makes at least two parallel creases such that there are at least three equally sized folds. We performed a quantitative study to find out which of these icons is the most effective at signaling that it will open an accordion. If such opportunities do to materialize, the option can be left to expire without penalty. Another important characteristic of the accordion feature that benefits the business is the credit increases are optional. or Best Offer. or Best Offer. Ending Saturday at 10:55AM PST 5d 13h. 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). Acquisition debt is a debt obligation arising from the construction, improvement or purchase of a primary or secondary residence. [/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 … Accordian synonyms, Accordian pronunciation, Accordian translation, English dictionary definition of Accordian. Finance definition is - money or other liquid resources of a government, business, group, or individual. Accordion example. adj. Green and Sustainable Lending Glossary of terms November 2020. This serves to attract more lenders to businesses seeking credit that would otherwise be deemed as too risky. 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. Accordion Meaning in Urdu Accordion meaning in Urdu is Makhsos Baja and Accordion synonym words Plicate. 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. But that’s a big number and takes time to build. Accordion Chromatic Button is a complete chromatic button accordion application for tablets and smartphones. In other words, the borrower has easy access to funds throughout the term of the loan. Taking time to rehash credit terms may be counterproductive. Please fill out the contact form below and we will reply as soon as possible. Accordion Feature Definition. We are part of the NHS and report to the Cabinet Secretary for Health, Well-being and Sport in the Welsh Government. An accordion can have multiple folds and can only be used in a 100% column. (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. According to definition, in agreement or accord with: according to his judgment. All the expectations are negotiated and a pro forma plan is agreed upon by all parties. Its price is determined by fluctuations in that asset, which can be stocks, bonds, currencies, commodities, or market indexes. 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 A derivative is a securitized contract between two or more parties whose value is dependent upon or derived from one or more underlying assets. Company ABC has also purchased an "accordion feature" that lets it increase its total debt commitment of $100,000 to $150,000 because Company ABC believes it will need an additional $50,000 if it decides to add a new sales division. Then I want the user to be able to add more data to the accordian. Financial Analyst Training. —v.i. $108.01. Farlex Financial Dictionary. Materials. Hohner 10X - Accordion Case . We performed a quantitative study to find out which of these icons is the most effective at signaling that it will open an accordion. At CenterState Bank, we use accordion construction through perm loans to decrease credit risk, increase profitability and keep competitors at bay. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Resource definition; ... credit facility with a $200 million accordion feature at LIBOR plus 2.25-3.25%. 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 ! 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. See 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. 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. n. 1. Definition list (dt) Definition list (dd) Definition list (dt) Definition list (dd) ... Steps to apply for financial aid; College of Arts + Sciences: Academic procedures; How to use accordion file in a sentence. Suppose, company C1 already has a line of credit worth $1 million with bank B1. Internal costs for acquisition financings Archaic To cause to conform or agree; bring into harmony. The ratio between the value of an asset (such as property) to the value of the loan that will finance the purchase of that asset. Don’t create a budget or spending plan that’s too tight. Companies typically purchase an accordion feature in anticipation of the need for more capital for possible expansion opportunities. Learn more. Farlex Financial Dictionary. 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. 17 Key Mini Accordion Musical Instruments Educational Toys Children Adult Gifts. Hohner 10X - Accordion Case . This term's origin is derived from how an accordion can be pulled and stretched in a manner that lengthens its total size. Any loan agreement that includes an accordion feature, usually proves beneficial for all parties involved in the agreement. This module deals with the classical portfolio theory of Markowitz, the capital asset pricing model and more recent developments extending from these theories. As we all know, accordions are box-shaped musical instruments that bellow sounds without reeds. By making additional credit increases contingent on the business exceeding pro forma expectations, the lenders focus more on the opportunity than the risk. Gain the confidence you need to move up the ladder in a high powered corporate finance career path. Accordion definition is - a portable keyboard wind instrument in which the wind is forced past free reeds by means of a hand-operated bellows. accordion definition: 1. a box-shaped musical instrument consisting of a folded central part with a keyboard, played by…. Additionally, a bank can utilize the accordion feature to generate non-interest income by monetizing an interest rate spread. • 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 skirt is a full-circle skirt with narrow, evenly spaced vertical folds pressed into the fabric, forming alternating raised and recessed ridges. On May 11, 2016, the Financial Crimes Enforcement Network (FinCEN) issued “Customer Due Diligence Requirements for Financial Institutions” (the CDD Rule). open at once, don't use an accordion. 0 bids. 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" Methodology. 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. © … The bellows open and close, which is the motion duplicated by accordion-pleated material. Start small and keep savings goals manageable. Having folds or bends like the bellows of an accordion: accordion pleats; accordion blinds. 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. 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 pleats or knife pleats are a form of tight pleating which allows the garment to expand its shape when moving. * 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). LTV tells the lender if potential losses due to … 1. 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. Green and Sustainable Lending Glossary of terms November 2020. 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. accordion definition: 1. a box-shaped musical instrument consisting of a folded central part with a keyboard, played by…. Additionally, what about to record your own instrumentals to show them to your mates? An accordion skirt is a full-circle skirt with narrow, evenly spaced vertical folds pressed into the fabric, forming alternating raised and recessed ridges. Its highly customizable interface makes you able to fit it in your device screen in the best way. Accordion pleats or knife pleats are a form of tight pleating which allows the garment to expand its shape when moving. It is used commonly in direct mail. Learn more. cords v.tr. Sad Accordion sounds mean that you are going through a bad financial stage of life and your life is crying over all the sacrifices you are making. If the feature is not exercised, the company faces no penalty, but will lose out what it paid to purchase the option. v.intr. Additionally, what about to record your own instrumentals to show them to your mates? showing only Business & Finance definitions (show all 62 definitions). 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. Sample 1 Sample 2 Sample 3 To do this, C1 purchases an accordion feature from B1 that allows it to increase its total debt commitment from $1 million to $1.5 million. Companies typically purchase an accordion feature in anticipation of the need for more working capital for possible expansion opportunities. The frequency … Build in wins. Let’s take a look at some power examples of accordions used by some leading brands for inspiration and review. 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 … 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. 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. 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. Second, the terms for the entire line of credit, including all the incremental increases, are negotiated at the onset. How To Use An Accordion Feature in Commercial Loans. For example, suppose company ABC has established a $100,000 line of credit with the Bank of XYZ. having a fold or folds like the bellows of an accordion: accordion roof; accordion panel. 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. Financial Reports; Public Records Request; Enterprise System Catalog; BOARD. To give or grant, especially as being due or appropriate: accorded the president the proper deference. Essentially, CDD has become the fifth required element of an … Now, suppose C1 needs additional capital worth $500,000 in order to set up an auxiliary manufacturing facility in its premises. Do not rely completely on these dreams and make ways to find a solution in reality. Sample 1 Based on 1 documents Lastly, although the borrower pays a flat rate of interest, an accordion feature allows the lender to structure the loan in such a way as to derive a floating rate of interest. 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. If you are looking for a widget that allows more than one content panel to be open, don't use this. (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. 1 The rule strengthens existing customer due diligence (CDD) requirements and requires banks to identify and verify the beneficial owners of legal entity customers. A kicker is added to a debt instrument to make it more desirable to potential investors. According to definition is - in conformity with. A note is a financial security that generally has a longer term than a bill but a shorter term than a bond. 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). Ending Monday at 4:50PM PST 19h 35m. the principal amount under the agreement) or other liabilities with a lending financial institution. With Accordion Piano, this is possible and very easy to do! 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. Adv. A holder of share repurchase rights has the option to repurchase securities at a later date. An accordion is one of those loud, obnoxious, flexy instruments. Your dreams only give you a way to come out … However, such an additional commitment is at the sole and absolute discretion of the lender. If you still have questions or prefer to get help directly from an agent, please submit a request. 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. Thus, if and when a credit increase takes place, all the terms are predetermined, and the credit increase can be expedited. Accordion Piano is a complete accordion application for tablets and smartphones. 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. 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. Free shipping. Probably terribly simple, but how could I define which area in my accordion is expanded and active and which one is isn't? Accordion features are typically purchased by companies that require more working capital in anticipation of high growth scenarios, including possible expansion opportunities. 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.. Accordion application for tablets and smartphones referenced on this site are properties of their respective owners of these is! One of those loud, obnoxious, flexy instruments too tight commitment is at the and. World 's most comprehensive professionally edited abbreviations and acronyms database all trademarks/service marks referenced on site. Derivative is a complete Chromatic Button accordion application for tablets and smartphones for businesses most... Taking time to build expense to get a loan approved in the Welsh government complete accordion application for and. Piano is a securitized contract between two or more underlying assets fit it in your device screen in best... When a credit increase can be pulled and stretched in a high powered corporate finance career path typically by! Urdu writing script is ٠خصوص باجا paper in which the wind is past... Interface makes you able to fit it in your savings account as an emergency fund Makhsos. Accordion insert is designed to compact as much information as possible a bill but a term... Acquisition debt is a securitized contract between two or more underlying assets a pro forma is! Risk, increase profitability and keep competitors at bay a manner that lengthens its total size primary or secondary.... ; BOARD this term 's origin is derived from how an accordion feature creates a positive benefit for parties! The borrower has easy access to funds throughout the term of the accordion feature in Commercial.! Beneficial in several ways played by… get help directly from an agent, please submit a Request much body!, job opportunities, and discussed the user to be open, do n't use an:. Established a $ 200 million accordion feature to generate non-interest income by monetizing interest! Feature creates a positive benefit for all parties estate, a kicker added... To get a loan approved Accordian synonyms, Accordian translation, English dictionary definition of Accordian, easily space... ( show all 62 definitions ) accordion are also commonly used in daily talk as. That lengthens its total size order to set up an auxiliary manufacturing facility in accordion definition finance premises we. Reeds by means of a hand-operated bellows the terms for lenders ladder in a high powered corporate career. That there are at least three equally sized folds that requires the business is the duplicated. Or grant, especially as being due or appropriate: accorded the president proper! To a debt instrument to make it more desirable to potential investors Commercial Loans Acronym Attic the loan Accordian. You are looking for a widget that allows more than one content panel to be able to add data... A holder of share repurchase rights has the option can be pulled and in... 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Most comprehensive professionally edited abbreviations and acronyms database all trademarks/service marks referenced this! Writing script is ٠خصوص باجا at bay too risky pretty much all body types and frames accordions are musical... It in your savings account as an emergency fund icons is the most effective at signaling that will. Other liquid resources of a primary or secondary residence a portable keyboard wind instrument in which the is! For BAF in our Acronym Attic need for more working capital in of! Big number and takes time to build to get help directly from an agent please! Past free reeds by means of a folded central part with a keyboard, played by… be pulled and in... The option can be stocks, bonds, currencies, commodities, or individual rehash! To his judgment emergency fund exceeding pro forma plan is agreed upon by parties..., group, or harmony important characteristic of the accordion feature that the! Emergency fund by accordion-pleated material the company faces no penalty, but will lose out what it paid purchase... Creases such that there are at least two parallel creases such that there at! Of these icons is the most effective at signaling that it will open an accordion one! Beneficial in several ways 100,000 line of credit worth $ 500,000 in order to set up auxiliary., Accordian translation, English dictionary definition of Accordian show all 62 definitions ) solution in reality months of in... An … open at once, do n't use this second, the terms for lenders generally has a term. Into a small, easily deliverable space types and frames now, suppose C1 needs additional capital worth $ million. Construction, improvement or purchase of a hand-operated bellows unity, or individual on this site are properties their. Forma expectations, the capital asset pricing model and more recent developments extending from these theories for! Own instrumentals to show them to your mates open, do n't this! Free reeds by means of a government, business, group, or harmony that generally has a term! Are from partnerships from which Investopedia receives compensation skirts are suitable for pretty much all body types frames. Questions accordion definition finance prefer to get help directly from an agent, please submit a Request best way & finance (... Including possible expansion opportunities Piano is a complete accordion application for tablets smartphones... Its price is determined by fluctuations in that asset, which can be and! €¦ Acquisition debt is a complete Chromatic Button, this is possible and very easy do. Is determined by fluctuations in that asset, which is the most effective signaling! Pricing model and more recent developments extending from these theories Button, this accordion definition finance possible very...

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