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tie
(redirected from times interest earned)

   Also found in: Dictionary/thesaurus, Medical, Financial, Acronyms, Encyclopedia, Hutchinson 0.03 sec.
See: adherence, adhesion, association, attachment, chain, charge, combine, connect, connection, contact, deadlock, devotion, fetter, kinship, liaison, lien, loyalty, marriage, nexus, prevent, privity, propinquity, relate, relation, relationship, restrain, trammel

TIE. When two persons receive an equal number of votes at an election, there is said to be a tie.
     2. In that case neither is elected. When the votes are given on any question to be decided by a deliberative assembly, and there is a tie, the question is lost. Vide Majority.



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Times interest earned (TIE) = (net income + interest expense) / interest expense
TIER: Based on these results, the times interest earned ratio (TIER) for fiscal year 2007 was 1.
All three of the credit agreements require CFC to comply with maximum leverage and minimum times interest earned ratio covenants as defined in the agreements.
 
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