Investopedia uses cookies to provide you with a great user experience. The accordion feature is an added option that requires the business to pay a premium for the right to use it. I am using the jQuery accordion plugin to make an accordion of some data. A revolving underwriting facility (RUF) involves a group of underwriters who provide loans to borrowers unable to sell in the eurocurrency market. For example, suppose company ABC has established a $100,000 line of credit with the Bank of XYZ. 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). Definition of according with in the Idioms Dictionary. 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. On this page, you can easily check different meanings of Accordion and can learn to make Accordion sentence in English. Definitions by the largest Idiom Dictionary. I mean like I said, I love my mother but it would've been a whole different dynamic with her. You play the accordion by pressing keys or buttons on either side while moving the two sides together and apart. How to use accordion in a sentence. We can improve a little the layout (border radius), by adding this code below. Debt accordions, like the portable, box-shaped musical instruments they are named after, can be pulled and stretched to lengthen in size as needed, creating flexibility for borrowers. An accordion insert is designed to compact as much information as possible into a small, easily deliverable space. 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 Accordion meaning in Urdu will surely enhance your vocabulary. Accordions provide a perfect way of making content heavy pages appear less so. 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. Definition of according to you in the Idioms Dictionary. Find more ways to say accordion, along with related words, antonyms and example phrases at Thesaurus.com, the world's most trusted free thesaurus. But we will not display these input checkboxes. Here is the image that show which type of accordion I am going to create. adj. The extra funds may be used to acquire other businesses, to boost working capital, the money available to fund a company’s day-to-day operations, or to meet other needs. Sample 1 Based on 1 documents 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. Second, the terms for the entire line of credit, including all the incremental increases, are negotiated at the onset. Farlex Financial Dictionary. Financial experts recommend that you have 3-6 months of income in your savings account as an emergency fund. Searching meanings in Urdu can be beneficial for efficiently understanding the context. Taking time to rehash credit terms may be counterproductive and give competitors the chance to seize the opportunity. See more. 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. 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. 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. 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. A holder of share repurchase rights has the option to repurchase securities at a later date. 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. Learn more. 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). Having folds or bends like the bellows of an accordion: accordion pleats; accordion blinds. A facility is a formal financial assistance program offered by a lending institution to help a company that requires operating capital. Your dreams only give you a way to come out … They’re there to execute, and they’re very very good at doing that. 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. Accordions are used especially to play traditional popular music. 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. 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. 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. © 2012 Farlex, Inc. 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. Appraising an accordion's value is not a straightforward process, because they generally do not have "Blue Book values" like … This term's origin is derived from how an accordion can be pulled and stretched in a manner that lengthens its total size. Now starts with html code: In this I have used checkbox to use the functionality of click. As we all know, accordions are box-shaped musical instruments that bellow sounds without reeds. To keep things simple, best we can do is to restore border-radius on top and bottom of first and last panel.. Accordion, free-reed portable musical instrument, consisting of a treble casing with external piano-style keys or buttons and a bass casing (usually with buttons) attached to opposite sides of a hand-operated bellows. 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. 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. Privy to this arrangement accordion meaning in finance not obligated to take on additional debt it... Or other liabilities with a keyboard, played by… accordion of some data a term loan to it Bank. Increase a line of credit, along with most other terms, often remains the same as the... 100,000 line of credit with the Bank of XYZ opened on this page, you can check... Use accordion construction through perm loans to borrowers unable to sell in the market... 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