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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 MatchesDeed of covenantDeed of covenantA legal document which records the obligation of one individual to pay a specified sum to another for a specified number of years.The individual making the payment deducts tax at the basic rate and thus pays a net amount on which tax relief is obtained. If the recipient is a registered charity the payer can obtain tax relief up to his/her higher rate whilst the charity can claim back the amount deducted.In other words, it is a tax effective way for individuals to give to charity. 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. Negative covenantNegative covenantA bond covenant that limits or prohibits certain actions unless the bondholders agree. Bond covenantBond covenantA contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions. Affirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. Further SuggestionsCovenantscovenant Deed of covenant Positive covenant (of a bond) Restrictive covenants CC and Rs (Covenants, Conditions and Restrictions) |
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