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Quotes of the day:
Old is gold, but new is platinum.
Excess cash flow is a term used in loan agreements or bond indentures and refers to the portion of cash flows of a company that are often required to be paid by a lender. Excess cash flow is typically cash received or generated by a company that triggers a payment to the lender as stipulated in the credit agreement. Since the company has an outstanding loan with the creditor, certain cash flows are subject to various restrictions for usage by the company.
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