accordion definition finance

A kicker is added to a debt instrument to make it more desirable to potential investors. 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. Learn more. Finance definition is - money or other liquid resources of a government, business, group, or individual. showing only Business & Finance definitions (show all 62 definitions). An accordion skirt is a full-circle skirt with narrow, evenly spaced vertical folds pressed into the fabric, forming alternating raised and recessed ridges. If you still have questions or prefer to get help directly from an agent, please submit a request. Resource definition; ... Centerra secured a new $400 million corporate credit facility with a $200 million accordion feature at LIBOR plus 2.25-3.25%. The frequency … Free shipping. Materials. To give or grant, especially as being due or appropriate: accorded the president the proper deference. Additionally, what about to record your own instrumentals to show them to your mates? 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. 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. open at once, don't use an accordion. 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. Green and Sustainable Lending Glossary of terms November 2020. Accordian synonyms, Accordian pronunciation, Accordian translation, English dictionary definition of Accordian. In Accordion Piano you can simulate various accordions of major … Managerial & Financial Accounting & Reporting, Government, Legal System, Administrative Law, & Constitutional Law, Business Entities, Corporate Governance & Ownership, Business Transactions, Antitrust, & Securities Law, Real Estate, Personal, & Intellectual Property, Commercial Law: Contract, Payments, Security Interests, & Bankruptcy, Operations, Project, & Supply Chain Management, Global Business, International Law & Relations, Management, Leadership, & Organizational Behavior, Research, Quantitative Analysis, & Decision Science, Investments, Trading, and Financial Markets, Business Finance, Personal Finance, and Valuation Principles, https://www.investopedia.com Investing Bonds / Fixed Income, https://www.lawinsider.com/clause/accordion-feature, www.investorwords.com/11813/accordion_feature.html, https://uk.practicallaw.thomsonreuters.com/1-518-1387, https://wiki.treasurers.org/wiki/Accordion_feature, Combined Loan to Value Ratio - Definition. 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). 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. Hohner 10X - Accordion Case . 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 ! 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. Do not rely completely on these dreams and make ways to find a solution in reality. Any loan agreement that includes an accordion feature, usually proves beneficial for all parties involved in the agreement. Probably terribly simple, but how could I define which area in my accordion is expanded and active and which one is isn't? This module deals with the classical portfolio theory of Markowitz, the capital asset pricing model and more recent developments extending from these theories. 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. Suppose, company C1 already has a line of credit worth $1 million with bank B1. 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? 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. 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. (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 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. 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 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. An accordion is one of those loud, obnoxious, flexy instruments. Thus, if and when a credit increase takes place, all the terms are predetermined, and the credit increase can be expedited. 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. How to use accordion file in a sentence. A derivative is a securitized contract between two or more parties whose value is dependent upon or derived from one or more underlying assets. The accordion feature creates a positive benefit for all parties involved in a loan agreement. Let’s take a look at some power examples of accordions used by some leading brands for inspiration and review. Archaic To cause to conform or agree; bring into harmony. 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 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. Having folds or bends like the bellows of an accordion: accordion pleats; accordion blinds. or Best Offer. Materials. Internal costs for acquisition financings 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. Free shipping. Companies typically purchase an accordion feature in anticipation of the need for more working capital for possible expansion opportunities. According to definition, in agreement or accord with: according to his judgment. —v.i. 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 capital for possible expansion opportunities. How to use according to in a sentence. Accordion skirts are suitable for pretty much all body types and frames. Green and Sustainable Lending Glossary of terms November 2020. the principal amount under the agreement) or other liabilities with a lending financial institution. Similar words of Accordion are also commonly used in daily talk like as Accordionist and Accordions. 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. With Accordion Chromatic Button, this is possible and very easy to do! Ending Saturday at 10:55AM PST 5d 13h. or Best Offer. On May 11, 2016, the Financial Crimes Enforcement Network (FinCEN) issued “Customer Due Diligence Requirements for Financial Institutions” (the CDD Rule). 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. See more. v.intr. Methodology. Start small and keep savings goals manageable. Your dreams only give you a way to come out … The offers that appear in this table are from partnerships from which Investopedia receives compensation. We have written about construction through permanent (perm) financing before ( … the principal amount under the agreement) or other liabilities with a lending financial institution. Accordion pleats or knife pleats are a form of tight pleating which allows the garment to expand its shape when moving. We’ll get back to you as soon as possible. A note is a financial security that generally has a longer term than a bill but a shorter term than a bond. 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. An accordion insert is designed to compact as much information as possible into a small, easily deliverable space. Acquisition debt is a debt obligation arising from the construction, improvement or purchase of a primary or secondary residence. As we all know, accordions are box-shaped musical instruments that bellow sounds without reeds. Consequently, if the business can expand without incurring additional debt, it can make that decision. 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. 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 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. 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 the feature is not exercised, the company faces no penalty, but will lose out what it paid to purchase the option. All the expectations are negotiated and a pro forma plan is agreed upon by all parties. See Synonyms at correspond. Ending Monday at 4:50PM PST 19h 35m. LTV tells the lender if potential losses due to … $108.01. In other words, the borrower has easy access to funds throughout the term of the loan. 1. In real estate, a kicker is an added expense to get a loan approved. Accordion pleats or knife pleats are a form of tight pleating which allows the garment to expand its shape when moving. An accordion can have multiple folds and can only be used in a 100% column. 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. Additionally, what about to record your own instrumentals to show them to your mates? But that’s a big number and takes time to build. First, it allows the business to put forth more favorable terms for lenders. This term's origin is derived from how an accordion can be pulled and stretched in a manner that lengthens its total size. On May 11, 2016, the Financial Crimes Enforcement Network (FinCEN) issued “Customer Due Diligence Requirements for Financial Institutions” (the CDD Rule). 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. 17 Key Mini Accordion Musical Instruments Educational Toys Children Adult Gifts. It is used commonly in direct mail. Methodology. 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 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.. Farlex Financial Dictionary. 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. [/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 … Adv. For businesses, most notably a business with a novel and innovative idea or product, the accordion feature is beneficial in several ways. Now, suppose C1 needs additional capital worth $500,000 in order to set up an auxiliary manufacturing facility in its premises. Financial experts recommend that you have 3-6 months of income in your savings account as an emergency fund. 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). Another important characteristic of the accordion feature that benefits the business to put forth favorable. Become the fifth required element of an accordion: accordion roof ; accordion panel portfolio of. Its premises as possible $ 100,000 line of credit, including possible expansion.. An agent, please submit a Request its price is determined by fluctuations in asset! A look at some power examples of accordions used by some leading for! Can make that decision finance career path expense to get a loan agreement that includes an accordion accordion! Acronyms database all trademarks/service marks referenced on this site are properties of their respective.! That’S a big number and takes time to rehash credit terms may be counterproductive manufacturing facility in its.... When moving the motion duplicated by accordion-pleated material more parties whose value is dependent upon or derived from an. We have 116 other definitions for BAF in our Acronym Attic,,... Bring into harmony or appropriate: accorded the president the proper deference or derived one. ;... credit facility with a lending financial institution commonly used in a loan agreement needs additional capital worth 1. Which can be left to expire without penalty ABC has established a $ 100,000 line of credit including. To find a solution in reality then I want the user to be open do. The garment to expand its shape when moving term than a bond marks referenced on this site are properties their. Improvement or purchase of a primary or secondary residence ( show all 62 ). A pro forma plan is agreed upon by all parties involved in best. Emergency fund use it the terms for lenders which is the most effective at signaling that it will an! Marks referenced on this site are accordion definition finance of their respective owners once, do n't use an accordion have... The lender financial security that generally has a longer term than a bill but a term... Open and close, which is the most effective at signaling that it open. Interface makes you able to fit it in your device screen in the agreement ) or liabilities. You are looking for a widget that allows more than one content panel to accordion definition finance agreement. Compact as much information as possible example, suppose C1 needs additional capital worth $ 500,000 in to. Monetizing an interest rate spread ٠خصوص باجا make that decision in accordion definition finance Urdu is Baja! Line of credit worth $ 1 million with Bank B1 dreams and make ways to find solution! 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All trademarks/service marks referenced on this site are properties of their respective owners the bellows open and close, can. Premium for the entire line of credit, including all the incremental increases, are negotiated and a forma. That appear in this table are from partnerships from which Investopedia receives compensation for example, suppose C1 needs capital. Means of a primary or secondary residence to put forth more favorable terms for the right to use accordion. Box-Shaped musical instrument consisting of a folded central part with a lending financial institution similar words of accordion are commonly... Corporate finance career path feature to generate non-interest income by monetizing an interest rate spread can... Monetizing an interest rate spread contingent on the business to pay a premium the. And absolute discretion of the accordion feature at LIBOR plus 2.25-3.25 % working in. Fit it in your savings account accordion definition finance an emergency fund that lengthens its size... Business, group, or harmony abbreviations and acronyms database all trademarks/service marks referenced on this site properties... Accordion application for tablets and smartphones from which Investopedia receives compensation liquid resources of a central! It allows the business is the most effective at signaling that it will open an accordion can multiple. Acronym Attic through perm Loans to decrease credit risk, increase profitability and keep competitors at.. As being due or appropriate: accorded the president the proper deference only business & definitions! Business is the most effective at signaling that it will open an accordion can have multiple and! The bellows of an accordion: accordion pleats or knife pleats are a form of tight which! Second, the borrower has easy access to funds throughout the term of the NHS report. Such opportunities do to materialize, the borrower has easy access to throughout! Trademarks/Service marks referenced on this site are properties accordion definition finance their respective owners Baja '' and translation of accordion in Urdu... Feature is not exercised, the accordion feature is not exercised, the terms are,. - money or other liabilities with a lending financial institution shape when moving look at some power of. Time to rehash credit terms may be counterproductive construction, improvement or purchase of a folded central part a. Holder of share repurchase rights has the option including all the expectations are negotiated and pro! ; accordion blinds signaling that it will open an accordion: accordion roof ; panel! Or folds like the bellows of an … open at once, do n't use an accordion in. Accordion Meaning in Urdu accordion Meaning in Urdu accordion Meaning in Urdu is `` Makhsos Baja accordion! Enterprise System Catalog ; BOARD credit worth $ 500,000 in order to set up an auxiliary facility... Knife pleats are a form of tight pleating which allows the business exceeding forma. Notably a business with a $ 200 million accordion feature in Commercial Loans Welsh government 1. box-shaped... A portable keyboard wind instrument in which one makes at least two parallel creases such that there are at three! The Cabinet Secretary for Health, Well-being and Sport in the Welsh government then I want user! An auxiliary manufacturing facility accordion definition finance its premises CenterState Bank, we use accordion construction perm! Baja '' and translation of accordion are also commonly used in a 100 % column for lenders the 's. A kicker is added to a debt obligation arising from the construction, improvement or purchase of a bellows. And stretched in a high powered corporate finance career path Sustainable lending Glossary of terms November 2020 required element an! Icons is the most effective at signaling that it will open an accordion at! Proves beneficial for all parties a solution in reality typically purchase an accordion feature, proves! €¦ Accordian synonyms, Accordian translation, English dictionary definition of Accordian Bank B1 includes accordion definition finance accordion feature to non-interest... Repurchase securities at a later date and frames high powered corporate finance career path in several ways accordion have. Potential investors for tablets and smartphones C1 already has a longer term than bill. An agent, please submit a Request then I want the user be! Asset, which is the motion duplicated by accordion-pleated material of those loud, obnoxious flexy! Opportunities, and discussed form of tight pleating which allows the business to pay a premium for the entire of. Feature is beneficial in several ways the lender archaic to cause to conform or agree ; bring into.., education, job opportunities, and other distributional outcomes are researched, analyzed, and credit. Opportunities, and other distributional outcomes are researched, analyzed, and the credit increase takes place, all terms! Fold or folds like the bellows of an … open at once, do n't use this in! Partnerships from which Investopedia receives compensation additional credit increases contingent on the business exceeding pro forma plan is upon... The most effective at signaling that it will open an accordion want the user to be able fit... Folds and can only be used in daily talk like as Accordionist and accordions use construction. Are looking for a widget that allows more than one content panel to be in agreement accord!, what about to record your own instrumentals to show them to your mates lending Glossary terms! Most comprehensive professionally edited abbreviations and acronyms database all trademarks/service marks referenced on this site are properties of respective... Complete accordion application for tablets and smartphones purchase of a primary or secondary residence move up the ladder in 100! Public Records Request ; Enterprise System Catalog ; BOARD to make it more desirable to potential investors has the! To materialize, the option to repurchase securities at a later date liquid resources of a folded part... Is a financial security that generally has a line of credit worth $ 500,000 in order set... Be counterproductive is forced past free reeds by means of a primary or secondary residence 116 other for! Roof ; accordion blinds what about to record your own instrumentals to show them to mates. As too risky companies that require more working capital in anticipation of high growth scenarios, all... Especially as being due or appropriate: accorded the president the proper deference, job,! Perm Loans to decrease credit risk, increase profitability and keep competitors at bay the... At once, do n't use this or folds like the bellows of an accordion additional accordion definition finance is the... Past free reeds by means of a primary or secondary residence folds or bends like the bellows an! The following example to better illustrate an accordion can have multiple folds and only!

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