Banking
The money a bank pays you for keeping funds in a savings account.
What is interest?
Cash flow analysis shows CapEx of $700M and an increase in debt used to finance CapEx of $250M. Assuming no other adjustments, this is unfunded CapEx.
What is $450M? The internal calculation treats positive CapEx less debt funding as unfunded CapEx.
This U.S. state is the only one whose name ends with three consecutive vowels.
What is Hawaii?
This is the only continent located in all four hemispheres.
What is Africa?
How many years has KeyBank been in business?
What is 201 years?
These federally chartered or state-chartered institutions insure eligible bank deposits up to applicable limits through a U.S. government agency.
What are FDIC-insured banks?
A contractor has performed work but has not yet billed the customer. Under the spreading approach discussed in training, this amount is generally classified as this asset.
What are costs in excess of billings.
Before Washington, D.C., this city served as the nation's capital from 1790 to 1800.
What is Philadelphia?
This country has the largest population in South America.
What is Brazil?
What city did KeyBank start in?
What is Albany, NY?
Unlike a normal revolver, this facility is specifically available to support letters issued on behalf of the borrower, rather than general working-capital draws.
What is a standby letter of credit facility / SBLC?
A company's current ratio is above 1.0x, but its quick ratio is below 1.0x. This asset is the most likely reason for the difference.
What is inventory?
This state has the longest coastline in the United States.
What is Alaska?
This blood type is traditionally considered the universal donor for red blood cells.
What is O negative?
Cleveland's Playhouse Square is known for having one of the largest performing arts districts in the U.S. outside this city.
What is New York City?
This service automatically moves excess cash out of a company's operating account and returns funds when the operating account needs them.
What is a sweep?
A covenant defines EBITDA as net income excluding extraordinary gains/losses, including gains/losses from fixed-asset sales. If the income statement includes a $181M loss on sale of fixed assets, this adjustment is required when calculating covenant EBITDA.
What is add back the $181M loss? The covenant definition excludes the loss from EBITDA, so a loss already reducing net income must be reversed.
This president served two nonconsecutive terms, making him both the 22nd and 24th president.
Who is Grover Cleveland?
The smallest country in the world by land area is this sovereign state.
What is Vatican City?
Before Rocket Arena, the Cavaliers' downtown arena carried this KeyBank-related name from 2016 to 2019.
What is Quicken Loans Arena?
This three-party agreement allows a lender to obtain control over a borrower’s deposit account, strengthening its security interest in the cash held there.
What is a Deposit Account Control Agreement (DACA)?
Two borrowers have identical EBITDA and debt. Borrower A has minimal CapEx, while Borrower B requires significant annual CapEx just to maintain operations. All else equal, this borrower presents greater cash-flow pressure.
Who is Borrower B?
This president was the first to be born after the United States declared independence.
Who is Martin Van Buren?
This is the largest internal organ in the human body.
What is the liver?
In what year did the infamous Cuyahoga River fire occur, becoming a national symbol of water pollution and the growing environmental movement?
What is 1969?