Loan terms with an accordion feature are well suited for situations where a business shows great potential for accelerated growth, while at the same time there are indications of risks from uncertainty due to factors for which the business has no control. Then I want the user to be able to add more data to the accordian. Differences in income, wealth, education, job opportunities, and other distributional outcomes are researched, analyzed, and discussed. See Synonyms at correspond. Having folds or bends like the bellows of an accordion: accordion pleats; accordion blinds. If you are looking for a widget that allows more than one content panel to be open, don't use this. Centerra Gold Inc. has announced it has entered into a new US$400 million 4-year revolving credit facility plus a US$200 million accordion feature (the credit facility). $40.00. Accordion Meaning in Urdu Accordion meaning in Urdu is Makhsos Baja and Accordion synonym words Plicate. The Everything Accordion is a simple widget that shows wordpress widgets, posts and pages in an pretty accordion.It enables you to control: 1. displaying the widgets 2. displaying the separated posts 3. displaying the pages 4. displaying posts of some specific categories 5. different filters for posts and pages 6. In other words, the borrower has easy access to funds throughout the term of the loan. The accordion feature creates a positive benefit for all parties involved in a loan agreement. See more. Accordion example. Free shipping. Free shipping. An accordion is a keyboard with an expandable bellow chamber that is strapped around the musician’s neck and played with an in-and-out motion of the arms. An accordion feature in a line of credit allows a business to increase that line of credit if necessary, often to obtain more working capital or emergency cash. Jennair: Accordion signaled by caret icon Bolé Road Textiles: accordion signaled by plus icon Ferrari: accordion signaled by arrow icon Braun: accordion with no signifier icon. According to definition, in agreement or accord with: according to his judgment. An accordion feature derives its distinctive name from the manner in which the bellows of an accordion (a musical instrument) can be stretched in order to increase the total size of the instrument. Materials. We have written about construction through permanent (perm) financing before ( … —v.i. By making additional credit increases contingent on the business exceeding pro forma expectations, the lenders focus more on the opportunity than the risk. This term's origin is derived from how an accordion can be pulled and stretched in a manner that lengthens its total size. All the expectations are negotiated and a pro forma plan is agreed upon by all parties. If you still have questions or prefer to get help directly from an agent, please submit a request. open at once, don't use an accordion. Any loan agreement that includes an accordion feature, usually proves beneficial for all parties involved in the agreement. A kicker is added to a debt instrument to make it more desirable to potential investors. Its highly customizable interface makes you able to fit it in your device screen in the best way. In real estate, a kicker is an added expense to get a loan approved. v.intr. Company ABC has also purchased an "accordion feature" that lets it increase its total debt commitment of $100,000 to $150,000 because Company ABC believes it will need an additional $50,000 if it decides to add a new sales division. the principal amount under the agreement) or other liabilities with a lending financial institution. An accordion insert is designed to compact as much information as possible into a small, easily deliverable space. Build in wins. The offers that appear in this table are from partnerships from which Investopedia receives compensation. showing only Business & Finance definitions (show all 62 definitions). Start small and keep savings goals manageable. Acquisition debt is a debt obligation arising from the construction, improvement or purchase of a primary or secondary residence. 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. 2. n. 1. To give or grant, especially as being due or appropriate: accorded the president the proper deference. The credit facility is led by The Bank of Nova Scotia, National Bank Financial Markets and HSBC Canada Bank and is supported by a syndicate of international financial institutions. This serves to attract more lenders to businesses seeking credit that would otherwise be deemed as too risky. 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