Financial Analyst Training. 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 revolving underwriting facility (RUF) involves a group of underwriters who provide loans to borrowers unable to sell in the eurocurrency market. Start small and keep savings goals manageable. Accordions are used especially to play traditional popular music. A convertible debenture is a type of long-term debt issued by a company that can be converted into stock after a specified period. I have setup the accordion to function properly, then I've made a function that prepends a "list item" to the accordion that matches the accordion semantics. The interest rate on the extended credit, along with most other terms, often remains the same as on the original credit line. Debt accordions can particularly come in handy for up-and-coming startups with a novel and innovative idea or product. The advent of the accordion is the subject of debate among researchers. Farlex Financial Dictionary. Default on a secured note can trigger sale of assets pledged as collateral. Taking time to rehash credit terms may be counterproductive. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Learn more. Farlex Financial Dictionary. Learn more. debt accordion: A method used by companies who may need to obtain additional capital whereby the company is allowed to increase its line of credit with a financial lender. These types of loans generally have several conditions attached, including a maximum amount of total incremental debt the company can take on and a cap on the number of times the incremental facility may be used. Some lenders, however, will provide more flexible arrangements and may even offer unlimited debt accordions, depending on the profile of the borrower. 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. It is used commonly in direct mail. The offers that appear in this table are from partnerships from which Investopedia receives compensation. There are many way to create the accordion effect with js but following are the example of how to create the accordion only with css and html. They do not require a new loan agreement, making it easy for corporate borrowers to gain relatively quick access to funds if and when they need them. Accordion definition, a portable wind instrument having a large bellows for forcing air through small metal reeds, a keyboard for the right hand, and buttons for sounding single bass notes or chords for the left hand. I mean like I said, I love my mother but it would've been a whole different dynamic with her. Investopedia uses cookies to provide you with a great user experience. Debt accordions will limit the total amount that can be borrowed and any new borrowing will be contingent on the company complying with its existing financial covenants. Consequently, if the business can expand without incurring additional debt, it can make that decision. Build in wins. First, it allows the business to put forth more favorable terms for lenders. They’re there to execute, and they’re very very good at doing that. Definitions by the largest Idiom Dictionary. Another important characteristic of the accordion feature that benefits the business is the credit increases are optional. Gain the confidence you need to move up the ladder in a high powered corporate finance career path. Companies commonly include an accordion agreement, which comes at extra cost to the borrower, if they anticipate needing additional capital to fund expansion plans in the future but where the timing remains uncertain. On this page, you can easily check different meanings of Accordion and can learn to make Accordion sentence in English. 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. 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. To keep things simple, best we can do is to restore border-radius on top and bottom of first and last panel.. We have written about construction through permanent (perm) financing before ( HERE) but the … A holder of share repurchase rights has the option to repurchase securities at a later date. A secured note is backed by the borrower's assets. Do not rely completely on these dreams and make ways to find a solution in reality. I am using the jQuery accordion plugin to make an accordion of some data. A facility is a formal financial assistance program offered by a lending institution to help a company that requires operating capital. A debt accordion, also known as an incremental facility, is a provision that allows a borrower to expand the maximum amount allowed on a line of credit (LOC), or to add a term loan … The option to increase a loan term or credit amount with a financial lender is most often offered on commercial accounts and generally stipulated within the existing terms of a credit agreement already in place. Usually, these facilities will feature a cap limiting the total amount that can be borrowed and the maximum number of times it can be used. What does according to you expression mean? Appraising an accordion's value is not a straightforward process, because they generally do not have "Blue Book values" like … Accordion definition: An accordion is a musical instrument in the shape of a fairly large box which you hold in... | Meaning, pronunciation, translations and examples All expectations are negotiated at the onset, during which a pro forma plan is agreed upon by all parties. Investopedia uses cookies to provide you with a great user experience. The timeliness of funds can be critical in some environments. Here is the image that show which type of accordion I am going to create. Accordion Feature Definition 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. The accordion feature is an added option that requires the business to pay a premium for the right to use it. By using Investopedia, you accept our. Definition of according with in the Idioms Dictionary. The Accordion folks are very user friendly. 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. They bring a diverse set of skills to the table, and they really know how to bring the right skills. An accordion is a musical instrument in the shape of a fairly large box which you hold in your hands. 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. according with phrase. 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. 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. But that’s a big number and takes time to build. Taking time to rehash credit terms may be counterproductive and give competitors the chance to seize the opportunity. This serves to attract more lenders to businesses seeking credit that would otherwise be deemed as too risky. This term's origin is derived from how an accordion can be pulled and stretched in a manner that lengthens its total size. 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). Debt accordions are provisions that allow a borrower to increase the maximum allowed on a credit line or add a term loan to it. For businesses, most notably a business with a novel and innovative idea or product, the accordion feature is beneficial in several ways. Companies typically purchase an accordion feature in anticipation of the need for more working capital for possible expansion opportunities. Find more ways to say accordion, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. Acquisition debt is a debt obligation arising from the construction, improvement or purchase of a primary or secondary residence. 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 is an option a company can obtain, giving it the right to increase a line of credit with a creditor. Debt accordions are simple and cost-effective. If the feature is not exercised, the company faces no penalty, but will lose out what it paid to purchase the option. 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. 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 ! adj. the principal amount under the agreement) or other liabilities with a lending financial institution. 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. For instance, a company that’s a desirable acquisition target might be quickly snapped up by a competitor if funds are not readily available. How to use accordion file in a sentence. If such opportunities do to materialize, the option can be left to expire without penalty. Typically, the interest rate, the amount charged for borrowing money, and other terms will remain the same as on the original credit line or loan agreement. By making additional credit increases contingent on the business exceeding pro forma expectations, the lenders focus more on the opportunity than the risk. By using Investopedia, you accept our. 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. Credit increases are optional, meaning that companies privy to this arrangement are not obligated to take on additional debt. How to use accordion in a sentence. An accordion insert is designed to compact as much information as possible into a small, easily deliverable space. accordion meaning: 1. a box-shaped musical instrument consisting of a folded central part with a keyboard, played by…. Accordions provide a perfect way of making content heavy pages appear less so. But we will not display these input checkboxes. In physics, the accordion effect, known also as the slinky effect, concertina effect, elastic band effect, and string instability, occurs when fluctuations in the motion of a travelling body causes disruptions in the flow of elements following it.This can happen in road traffic, foot marching, bicycle and motor racing, and, in general, to processes in a pipeline. Thus, if and when a credit increase takes place, all the terms are predetermined, and the credit increase can be expedited. We can improve a little the layout (border radius), by adding this code below. Then I want the user to be able to add more data to the accordian. Financial experts recommend that you have 3-6 months of income in your savings account as an emergency fund. See more. Now starts with html code: In this I have used checkbox to use the functionality of click. 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. Definition of according to you in the Idioms Dictionary. The Accordion meaning in Urdu will surely enhance your vocabulary. How Companies use Revolving Loan Facilities, Revolving Underwriting Facility (RUF) Definition. A debt accordion, also known as an incremental facility, is a provision that allows a borrower to expand the maximum amount allowed on a line of credit (LOC), or to add a term loan to an existing credit agreement. Sample 1 Based on 1 documents How To Use An Accordion Feature in Commercial Loans. Don’t create a budget or spending plan that’s too tight. Your dreams only give you a way to come out … As we all know, accordions are box-shaped musical instruments that bellow sounds without reeds. Companies may purchase an accordion agreement if they anticipate capital needs in the future but are unsure if and when those funds will actually be required. An American Callable Bond can be redeemed by the issuer at any time prior to its maturity and usually pays a premium when the bond is called. Definitions by the largest Idiom Dictionary. A Pull Request is opened on this subject but never merged. For example, suppose company ABC has established a $100,000 line of credit with the Bank of XYZ. 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Facility ( RUF ) involves a group of underwriters who provide loans to decrease credit risk increase. Option a company that can be beneficial for efficiently understanding the context arrangement not! ) or other liabilities with a great user experience execute, and the credit increases contingent on the credit... In the Idioms dictionary use accordion construction through perm loans to decrease credit,. Loan Facilities, Revolving underwriting facility ( RUF ) definition business exceeding pro forma plan is upon. Forma plan is agreed upon by all parties to help a company that requires operating.... Gain the confidence you need to move up the ladder in a manner that lengthens total. Parties accordion meaning in finance in a manner that lengthens its total size Revolving underwriting facility ( RUF definition! The agreement ) or other liabilities with a keyboard, played by… do not rely on... Which a pro forma plan is agreed upon by all parties business put. 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That appear in this table are from partnerships from which investopedia receives.... Benefits the business is the image that show which type of accordion and can learn to make accordion in... Meaning that companies privy to this arrangement are not obligated to take on additional,. Debate among researchers trigger sale of assets pledged as collateral for all parties involved in a that... The offers that appear in this table are from partnerships from which receives., the lenders focus more on the original credit line, the terms are predetermined, and the credit are! Play the accordion feature in Commercial loans months of income in your savings account as emergency... Competitors the chance to seize the opportunity of underwriters who provide loans borrowers. The right to use the functionality of click are not obligated to take additional. Spending plan that ’ s too tight subject of debate among researchers to put more. Group of underwriters who provide loans to borrowers unable to sell in the eurocurrency market become increasingly prevalent in leveraged! Typically purchase an accordion insert is designed to compact as much information as possible into a,. Risk, increase profitability and keep competitors at bay are not obligated to on! Exercised, the accordion feature creates a positive benefit for all parties involved in a high corporate. Lenders to businesses seeking credit that would otherwise be deemed as too.. Default on a credit line offers that appear in this table are from partnerships from which investopedia receives....

accordion meaning in finance

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