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Latham in Focus Video Series

The Book of Jargon Series – Word of the Day®

The Book of Jargon® is a series of practice area and industry-specific glossaries published by Latham & Watkins.

Ingress

access to a location or the ability to enter a specific location.

Word of the Day®

Baseload

a power generation technology that by its nature you don’t want to turn on and off any more than is necessary, such as nuclear and coal. Baseload plants are built to serve the minimum Load, i.e., the minimum amount that is needed on that Grid, day and night, all year round. To the extent a Baseload facility has Capacity in excess of the Baseload, the facility may be used to serve Pumped Storage projects, since the excess Capacity is essentially valueless.

See also Load Stack.

Word of the Day®

Liquidity

the degree to which an asset can be converted into cash. While government-issued treasuries are considered highly liquid, a 49% interest in a Malaysian paper mill probably is not. The term can also be used to refer to a company’s ability to meet its near-term payments.

Word of the Day®

In the Money

The term describes Creditors who are not Out of the Money.

Word of the Day®

Unfunded Commitment

the amount of a loan that a lender has agreed to fund at Closing but has not yet funded. The Unfunded Commitment is the total amount of Commitments less the amounts funded at any point in time under the loan.

Word of the Day®

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