Examlex
The idea behind multipoint competition is to ensure that
Minimum TIE
The lowest acceptable Times Interest Earned ratio, a financial metric used to determine how well a company can meet its interest payments on debt.
Restrictive Covenant
A clause in a contract that limits certain actions of the parties involved, often used in employment and real estate agreements.
Amortized Debt
A loan in which the principal and interest are paid off in equal installments over a predetermined period.
Coupon
The periodic interest payment made to the bondholders during the life of the bond.
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