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Bond covenant |
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Bond covenantA contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.Bond covenant Similar MatchesRestrictive covenantsRestrictive covenantsProvisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividends. Rate covenantRate covenantA 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 covenantBreach of covenantThe failure to obey a legal agreement. Breach of warranty A seller's inability to pass clear title to a buyer. Negative covenantNegative covenantA bond covenant that limits or prohibits certain actions unless the bondholders agree. Affirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. Further SuggestionsCovenantsDeed of covenant deed of covenant covenant Positive covenant (of a bond) CC and Rs (Covenants, Conditions and Restrictions) |
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