PRIMING LOAN
A form of debtor-in-possession, or DIP financing, whereby the debtor company is able to obtain a loan to assist in specific areas of the business while it is in Chapter 11 proceedings. A priming loan must satisfy requirements for the existing creditors, and language in the loan contract may call for money to be automatically set aside by the company to pay interest and outstanding debt to existing creditors. Funds from a priming loan can usually only be used to maintain the core business, as in repairs, supply chain management and payroll.
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Inflation Derivatives
Subclass of derivative used by individuals to alleviate the outcomes of possible huge inflation levels. Swaps are the most common type of inflation ...
Specific Identification Inventory Valuation Method
Specific identification inventory valuation method is the means of doing inventory to ensure all items are on track. This method is most often util ...
Chinese Depositary Receipt - CDR
Depositary receipt being traded on stock exchanges in China. A Chinese bank issues a certificate, representing a pool of foreign equity traded on l ...
Bund
German term for bond; a bond issued by German government, a counterpart of US Treasury bonds. The government utilizes these bunds to fund its expen ...
Other Long-Term Liabilities
This balance sheet item includes obligations which will not be paid off within a year, but are not included in the category of “long term lia ...
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