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Breach of covenant |
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Breach of covenantThe failure to obey a legal agreement. Breach of warranty A seller's inability to pass clear title to a buyer.Breach of covenant Similar MatchesNegative covenantNegative covenantA bond covenant that limits or prohibits certain actions unless the bondholders agree. 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. 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). 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. CovenantCovenantA formal agreement made in a deed. Further SuggestionsBond covenantAffirmative covenant Restrictive covenants CC and Rs (Covenants, Conditions and Restrictions) Deed of covenant deed of covenant |
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