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

Deed of covenant

Deed of covenant

A 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 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.


Negative covenant

Negative covenant

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


Bond covenant

Bond covenant

A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.


Affirmative covenant

Affirmative covenant

A bond covenant that specifies certain actions the firm must take.


Further Suggestions

Covenants
covenant
Deed of covenant
Positive covenant (of a bond)
Restrictive covenants
CC and Rs (Covenants, Conditions and Restrictions)


 
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