Breach of covenant

 

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Breach of covenant

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



Breach of covenant

Similar Matches

Negative covenant

Negative covenant

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


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.


Covenants

Covenants

Provisions 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).


Positive 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.


Covenant

Covenant

A formal agreement made in a deed.


Further Suggestions

Bond covenant
Affirmative covenant
Restrictive covenants
CC and Rs (Covenants, Conditions and Restrictions)
Deed of covenant
deed of covenant


 
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