Permanent Financing: Long-term financing using either debt or equity.
Bridge Financing: Interim financing of one sort or another used to solidify a position until more permanent financing is arranged.
Take-Out Financing: Long-term permanent financing. In the usual large construction project, the developer obtains two types of financing. The first is the interim loan, a short-term loan to cover construction c . . . View Full Definition
Interim Financing: Short-term loan to provide temporary financing until more permanent financing is available.
Permanent Insurance: Permanent insurance is a life insurance policy that provides a death benefit as long as you live, or in some cases until you turn 100, provided you continue to pay the required premiums. Wit . . . View Full Definition
Permanent Magnet Synchronous (PMR): (HYSTERESIS SYNCHRONOUS) A motor with magnets embedded into the rotor assembly, which enable the rotor to align itself with the rotating magnetic field of the stator. These motors have zero . . . View Full Definition
Permanent Teeth: The thirty-two adult teeth that replace the baby, or primary teeth. Also known as secondary teeth.
Permanent Law: Legislation that would be in force in the absence of all temporary or short-term laws (e.g., farm bills). The Agricultural Adjustment Act of 1938, the Agricultural Act of 1949, and the Commo . . . View Full Definition
Permanent Vegetative Cover: Trees, or perennial grasses, legumes, or shrubs with an expected life span of at least 5 years. Permanent cover is required on cropland entered into the Conservation Reserve Program.
Off-Balance-Sheet Financing: Financing that is not shown as a liability on a company's balance sheet.
Word of the Day:
Fragrance: The sensation of the gases released from ground coffee as they are inhaled through the nose. Ranges from sweetly floral to sweetly spicy.