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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. CovenantsCovenantsProvisions in a bond indenture or preferred stock agreement that require the bond or preferred stock issuer to take certain specified actions (affirmative covenants) or to refrain from taking certain specified actions (negative covenants). Affirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. CovenantCovenantA formal agreement made in a deed. Restrictive covenantsRestrictive covenantsProvisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividends. Further SuggestionsBreach of covenantNegative covenant Deed of covenant Rate covenant deed of covenant CC and Rs (Covenants, Conditions and Restrictions) |
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