The word "toggle" is correct and usable in written English.
You can use it to mean either "to go back and forth between two states/options," or "to switch/change between two states/options." For example, "The teacher toggled between lecturing and allowing students to discuss the material in groups."
That is because many firms took advantage of generous credit markets in recent years to refinance at low rates, with less onerous covenants than in the past and "toggle" clauses that gave them the option of automatically adding interest bills to the sum borrowed rather than paying it.
In order to offer a better service, many have created extensive sets of privacy controls that allow users to toggle between different levels of protection to shield their online data.
Some of these deals involve a risky type of debt known as "payment in kind toggle"—or PIK-toggle bonds that give comPIK-toggle bondse thatefer interest payments to investors.
Many companies will find themselves close to death; having debt that is "covenant lite" or has a "toggle" that allows them automatically to add interest to the loan amount outstanding rather than pay it may be what keeps some alive.
Punch presses are usually driven by electric motors, and conversion from the rotary motion of the drive shaft to reciprocation of the ram is effected by either a crank, a toggle, or a cam mechanism.
The spring then pushed the breechblock forward, stripping a fresh cartridge from a magazine in the handgrip, and the toggle locked the breechblock once more against the barrel.
He said he is selling bonds he owns in companies that issue new PIK-toggle bonds.
The default rate for companies that sold PIK-toggle bonds was 13% from 2006 to 2010, twice the default rate for comparably rated companies that didn't use the bonds, according to a study by Moody's Investors Service.
Despite concerns, the PIK-toggle deals are generally finding a welcome reception among investors, because the securities can yield more than standard junk bonds, which traded at record-low rates in September.The buyout barons are surely onto something.
Six companies have sold PIK-toggle bonds to pay private-equity dividends in September and October, double the number sold in the previous 14 months.
When the gun was fired, the barrel and breechblock, locked together by a "toggle-link" mechanism, slid back together along the top of the frame.
