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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 MatchesPositive covenant (of a bond)Positive covenant (of a bond)A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant. Negative covenantNegative covenantA bond covenant that limits or prohibits certain actions unless the bondholders agree. 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. CC and Rs (Covenants, Conditions and Restrictions)CC and Rs (Covenants, Conditions and Restrictions)Limitations placed on the use and enjoyment of real property. These are found most often in condominiums and planned unit developments. Affirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. Further SuggestionsRestrictive covenantsdeed of covenant covenant Covenants Deed of covenant Rate covenant |
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