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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 covenantThis is a document which confirms that the buyer of a property will comply with the rules and conditions affecting the property which can be found in the Title Deed or Lease. 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. Affirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. Negative covenantNegative covenantA bond covenant that limits or prohibits certain actions unless the bondholders agree. 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 Suggestionsdeed of covenantCC and Rs (Covenants, Conditions and Restrictions) Bond covenant Covenants covenant Rate covenant |
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