Debt Accordions

Few musical instruments have as great an “uncool” association in modern music as the accordion. A fixture in polka and stereotyped in French cafe music, the accordion works mechanically like a portable pump organ. An expandable hand controlled bellows generates the air pushed through the mechanism triggering the different notes on the keyboard and chord choices on the buttons to produce the breathy tones of the accordion. In and out, in and out, mama's got a squeezebox, daddy never sleeps at night.

Waaaaay less fun, a debt accordion is an agreement for commercial account lending that has an expansion provision to a preset higher level at the same terms, as needed. Up and down, up and down. Kind of like a supplementary revolving credit line. The additional funds can be used for acquisition, operating capital, or other corporate use.

Yeah, we said less fun.