A corporate option which grants a firm the ability to increase its credit line or other liabilities with a lending financial institution, usually purchased by companies anticipating high growth scenarios requiring more working capital.
Related information about accordion feature:
- Accordion Feature Definition | Investopedia
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 ...
- What is accordion feature? definition and meaning
Definition of accordion feature: A corporate option which grants a firm the ability to increase its credit line or other liabilities with a lending financial institution, ...
- Accordion Feature: Definition from Answers.com
Accordion Feature A type of option that a company can buy that gives it the right to increase its line of credit or similar type.
- Chemtura Announces Plan To Exercise The Accordion Feature of Its ...
Sep 7, 2012 ... Chemtura Corporation, (NYSE: CHMT) today announced that it will commence a process to exercise the accordion feature under the ...
- accordion feature
USA incremental loans, Also known as an accordion feature. A feature of some loan agreements that allows the borrower to add a new term loan tranche or ...
- syndicated loan - glossary - Loan Market Association - Eu.com
Companies typically purchase an accordion feature in anticipation of the need for more capital for possible expansion opportunities. Agency Fee. This is an ...
- Linamar Excercises the $100 Million Accordion Feature of Its Credit ...
Mar 23, 2012 ... From Yahoo! Finance: GUELPH, ONTARIO-- - Linamar Corporation announces that it has exercised the $100 million accordion feature from the ...
- Accordion Feature - WebPress Utah
Utah Web Design, WebPress can add this WordPress website feature to your site . An accordion is the best website feature for getting your readers attention.