CASH COVERAGE RATIO Definition

Bookmark and Share

CASH COVERAGE RATIO see CASH DEBT COVERAGE RATIO.

Learn new Accounting Terms

LETTER OF AWARENESS is a formal letter written to a lender, normally by a parent company, acknowledging its relationship with another group company and its awareness of a loan being made to that company. It is the weakest form of comfort letter. Such letters do not constitute a guarantee, but may nevertheless involve a significant moral commitment on the part of the writer.

UN-PRESENTED CHECK is a check that was written but has not yet been forwarded to or paid by the bank on which it is drawn.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.