toggle

toggle
United Kingdom
An option for a borrower to choose that interest (usually on mezzanine debt) be capitalised rather than paid in cash. The interest that is capitalised is said to have been "paid in kind" so a toggle mechanism is also sometimes known as a PIK toggle.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • Toggle — Tog gle, v. t. (Computer programming) To change the value of (a program variable) by activating a toggle switch; as, to toggle the view from character to graphic mode; to toggle the keyboard input from insert to overtype mode. [PJC] {Toggle iron} …   The Collaborative International Dictionary of English

  • toggle — [täg′əl] n. [prob. naut. var. of dial. tuggle, freq. of TUG] 1. a rod, pin, or bolt for insertion between the strands or through a loop of a rope, through a link of a chain, etc. to make an attachment, prevent slipping, or tighten by twisting:… …   English World dictionary

  • Toggle — Tog gle, n. [Cf. {Tug}.] [Written also {toggel}.] 1. (Naut.) A wooden pin tapering toward both ends with a groove around its middle, fixed transversely in the eye of a rope to be secured to any other loop or bight or ring; a kind of button or… …   The Collaborative International Dictionary of English

  • Toggle — may refer to: *Toggle Mechanism *Toggle switch *Toggling harpoon *A type of textile closure, like an elongated button …   Wikipedia

  • toggle — ► NOUN 1) a narrow piece of wood or plastic attached to a garment, pushed through a loop to act as a fastener. 2) Computing a key or command that is operated the same way but with opposite effect on successive occasions. ► VERB Computing ▪ switch …   English terms dictionary

  • Toggle —   [dt. »Kippschalter«], ein Schalter, der nur eine von zwei Stellungen einnehmen kann (gedrückt oder nicht gedrückt). Ein Beispiel ist die Feststelltaste auf der Tastatur …   Universal-Lexikon

  • toggle — toggler, n. /tog euhl/, n., v., toggled, toggling. n. 1. a pin, bolt, or rod placed transversely through a chain, an eye or loop in a rope, etc., as to bind it temporarily to another chain or rope similarly treated. 2. a toggle joint, or a device …   Universalium

  • toggle — {{11}}toggle (n.) 1769, short pin passed through the eye of a rope, a nautical word of uncertain origin, perhaps a frequentative form of tog tug. Meaning a kind of wall fastener is recorded from 1934. Toggle bolt is from 1794; toggle switch first …   Etymology dictionary

  • toggle — I UK [ˈtɒɡ(ə)l] / US [ˈtɑɡ(ə)l] noun [countable] Word forms toggle : singular toggle plural toggles 1) a small piece of wood or plastic used like a button for fastening clothes 2) computing a key or command (= instruction) on a computer that you… …   English dictionary

  • toggle — tog•gle [[t]ˈtɒg əl[/t]] n. v. gled, gling 1) bui a pin, bolt, or rod placed transversely through a chain, an eye or loop in a rope, etc., as to bind it temporarily to another chain or rope 2) bui a toggle joint, or a device having one 3) clo an… …   From formal English to slang

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