Senior stretch loan — A senior stretch loan, or overadvance loan, is a hybrid debt instrument consisting of both asset based loan and cash flow loan. Such loans are suitable for two types of companies:*Companies that have substantial asset base but don t have stable… … Wikipedia
Senior Stretch Loan — A specific type of loan to a business entity, which possesses certain characteristics of both asset based loans and cash flow loans. Senior stretch loans are cheaper than straight cash flow loans, since the borrowing company has a healthy balance … Investment dictionary
loan — verb. In 19c British English, loan was a standard alternative for lend, but by the time Fowler wrote (1926) loan had been largely driven out by lend, although it has continued in use in AmE. In current use loan is mostly confined to non British… … Modern English usage
stretch-out — I. ˈ ̷ ̷ˌ ̷ ̷ noun ( s) Etymology: from stretch out, v. 1. : a system of industrial operation in which workers are required to do extra work and especially to operate more machines than formerly either with slight or with no additional pay 2. :… … Useful english dictionary
stretch-out — noun Date: 1930 1. a system of industrial operation in which workers are required to do extra work with slight or with no additional pay 2. the act of stretching out ; the state of being stretched out 3. an economizing measure that spreads a… … New Collegiate Dictionary
Cash flow loan — is a sort of debt financing, in which a bank lends funds against cash flows that a borrowing company generates. To secure repayment, the bank covenants a borrower on such levels and ratios as enterprise value, EBITDA, total interest coverage… … Wikipedia
Asset-based loan — An asset based loan is a loan, often for a short term, secured by a company s assets. Real estate, A/R, inventory, and equipment are typical assets used to back the loan. The loan may be backed by a single category of assets or some combination… … Wikipedia
Collateralized loan obligation — Collateralized loan obligations (CLOs) are a form of securitization where payments from multiple middle sized and large business loans are pooled together and passed on to different classes of owners in various tranches. A CLO is a type of… … Wikipedia
Credit enhancement — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security … Wikipedia
Mortgage-backed security — Securities Securities Bond Stock Investment fund Derivative Structured finance Agency security … Wikipedia
