interest cover ratio
C1CEFR level
70/100Rarity: rare
TechnicalRegister
A financial covenant measuring earnings against finance charges to confirm that the borrower generates enough profit to service its interest.
The interest cover ratio fell below three times, tripping the covenant for the period.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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