How would the unencumbered balance be calculated?
Unencumbered balance is defined as the end-of-fiscal year balance minus anticipated expenditures between July 1st and November 1st.
What is unencumbered cash flow?
Related Definitions Unencumbered Cash Flow Ratio means, as of any date of determination, the ratio of (a) Adjusted NOI with respect to Unencumbered Properties for the fiscal quarter ending on such date to (b) Interest Expense on Unsecured Debt for the fiscal quarter ending on such date.
What does unencumbered liquidity mean?
Unencumbered Liquidity means the sum of Borrower’s cash and Cash Equivalents (determined as of the last day of each month based on the average daily balance thereof during such month) held in deposit accounts.
What does Disencumber mean in accounting?
Disencumber means the release of funds previously set aside or encumbered for an Award Recipient.
What is unrestricted cash?
Unrestricted cash refers to cash that is readily available to be spent for any purpose and has not been pledged as collateral for a debt obligation or other purpose.
Is a line of credit unencumbered?
Limits on business lines of credit tend to be lower than term loans, typically ranging from $1,000 to $250,000. They also tend to be unsecured, which means collateral — inventory, real estate — is not encumbered.
What encumbered cash?
Encumbered Cash means all Cash of the Debtors that (a) does not constitute Unencumbered Assets and (b) constitutes Collateral, after the following amounts required to be paid under the Plan have been paid in full in Cash: (w) Administrative Expenses, (x) Priority Tax Claims, (y) Other Secured Claims, and (z) Other …
What is unrestricted cash and investments?
Unrestricted Cash and Investments means all cash and marketable securities that the Obligated Group could, in its discretion, apply to the payment of Debt without violating any Lien or other security agreement or applicable law or the restrictions of any grant or gift.
What is a sentence for distort?
Examples of distort in a Sentence The odd camera angle distorted her figure in the photograph. The sound of the guitar was distorted. Heat caused the plastic to distort. She felt he was distorting the facts.
What does Burdend mean?
1 : to have a heavy load or put a heavy load on. 2 : to cause to have to deal with He is burdened with responsibilities. burden. noun.
What is a financial encumbrance?
Financial encumbrances, called liens, are debts incurred by owners that are lodged against the property. Two common types of liens are mortgage liens and mechanic’s liens. A mortgage lien allows homeowners to afford a house over time instead of having to pay for it in full upfront.
What are examples of unrestricted cash?
Currency notes, coins, and all cash being held in a bank account, such as a demand deposit account or a savings account.
What is unencumbered cash?
Unencumbered Cash means any Cash of an applicable Plan Debtor ’s assets that is not an Encumbered Asset as of the Effective Date.
What is the meaning of unencumbered balance?
Unencumbered Balance In government accounting, an amount appropriated for a project or department that has not been spent and has not been earmarked for a specific task. Farlex Financial Dictionary. © 2012 Farlex, Inc.
What is an unencumbered asset?
A debt or expense can be an encumbrance for your business. Overhead, cost of raw materials, transportation, discounts, interest on loans and payment on principal all limit profits on a product. When payment comes, these encumbrances must be subtracted from the income that results from the sale. What remains is an unencumbered asset.
What are the unencumbered balance sheets of the newer entrants?
The newer entrants also came in with unencumbered balance sheets at a time of higher prices. Only 75% of the unencumbered balance in the discretionary account is available for incentive payments; the remaining 25% must stay in the discretionary account to cover any encumbered or unanticipated program/division needs.