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Cash

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Cash

Johnny. 1932--2003, US country-and-western singer, guitarist, and songwriter. His recordings include the hits "I Walk the Line" (1956), "Ring of Fire" (1963), "A Boy named Sue" (1969), and the American Recordings series of albums (1994--2003)
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
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Jon Hustler, partner with Clearwater in Birmingham, said: "Under a cash out, often known as equity release, the business is sold to a new company and the money paid to the vendor comes from a mixture of private equity and debt.
* Re-Proportioning Equity/Debt Ratios--Whether or not an owner is able to "cash out" of a deal, the introduction of new equity capital can still allow the owner to lower total debt (or convert floating rate debt to fixed rate debt) in anticipation of a potentially higher interest rate environment.
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