The contractual distribution of principal and interest cash flows in a multi-tranche security such as an ABS, CMO or CDO. The contractually specified allocation of cash to debt holders and other parties. The priority of payments to holders of different classes of securities created from a securitization.
A sudden descent of water over a step in the bed of a stream, the fall being much steeper than in the designation `rapids'. In place names frequently shortened to `Fall' or `Falls'. This designation includes `cascade' and `cataract'.
A waterfall is a sudden drop in a river as it flows over a rock cliff. This happens when the river passes from a layer of hard rock to a layer of softer rock, and the water erodes away the softer rock.
This effect is used in professional shows by attaching tubes filled with a composition based of aluminum, to a rope or wire that is hung horizontally or vertically. The tubes with the composition are spaced evenly and are ignited at relatively the same moment by using electrical firing or quick match.
Waterfall is a lithograph print by the Dutch artist M.C. Escher which was first printed in October, 1961. It shows an apparent paradox where water from the base of a waterfall appears to run downhill before reaching the top of the waterfall.
A name given to a part icular form of presentation of the project life cycle. Rather than being broken into distinct period s of control led phase s, all activities appear as one long hierarchical succession. [D03399] RMW
A variation of a "Round the Clock" bet on three or more selections where money in hand is invested on to the next horse only, for example, (ABC) 10p win A "ATC" 10p win B, 10p win B "ATC" 10p win C, 10p win C "ATC" 10p win A.