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Q: do you know what "accordion feature" is?

Category: glossary , Asked by: Bradyn V. From McAllen, United States

A: A type of 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. Companies typically purchase an accordion feature in anticipation of the need for more working capital for possible expansion opportunities. For example, suppose company ABC has established a $100,000 line of credit with the Bank of XYZ. Company ABC has also purchased an "accordion feature" that would let it increase its total debt commitment of $100,000 to $150,000 because Company ABC believes that it will need an additional $50,000 if it decides to add a new sales division. This term's origin is derived from how an accordion can be pulled and stretched in a manner that lengthens its total size. Visit MoneyForex

    please tell me what an "individual transfer quota" is

    Category: glossary by X. Q. From United States

    A quota, imposed on individuals or firms by a governing body, that limits the production of a good or service. If the entity does not produce the maximum amount as set out by the quota, they may transfer the remaining portion of the quota to another party. Individual transfer quotas (ITQ) are used to limit the output of a given good or service. For example, due to an import agreement with another country a government may want to impose an ITQ on domestic farmers of wheat. By imposing an ITQ on each farmer, the government can impose a limit on the total production of wheat.

    Is there a forex site with modern mobile-enhanced program you can suggest for me?

    Category: platform by Francis I. From Vaduz, Liechtenstein

    We think "AVA FX" is exactly the place for that - the exterior is gorgeous and the program's user interface is a honestly progressive one. This mobile accessible platform is growing to be an excellency standard in the field.

    please tell me what a "residual interest" is

    Category: glossary by Destiny A. From Ireland

    "residual interest " is A type of interest payment received by investors in a real estate mortgage investment conduit (REMIC). Investors receive interest payments after all required regular interest has been paid to investors within higher priority tranches. Residual interest functions much like common shares in that preferred shareholders receive all required dividends before any amount remaining is divided among common shareholders.

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    do you know what a "debtor days" is?
    A ratio used to work out how many days on average it takes a company to get paid for what it sells. Calculated by dividing the figure for trade debtors shown in its accounts by its sales, and then multiplying by 365. For example, a company with debt of? Visit FXDD

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