Bond covenant

 

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Bond covenant

A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.



Bond covenant

Similar Matches

Restrictive covenants

Restrictive covenants

Provisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividends.


Rate covenant

Rate covenant

A provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility.


Breach of covenant

Breach of covenant

The failure to obey a legal agreement. Breach of warranty A seller's inability to pass clear title to a buyer.


Negative covenant

Negative covenant

A bond covenant that limits or prohibits certain actions unless the bondholders agree.


Affirmative covenant

Affirmative covenant

A bond covenant that specifies certain actions the firm must take.


Further Suggestions

Covenants
Deed of covenant
deed of covenant
covenant
Positive covenant (of a bond)
CC and Rs (Covenants, Conditions and Restrictions)


 
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