|
|
Breach of covenant |
|
|
|
 Home Site Map Add Term Search About Us Contributors |
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 MatchesAffirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. CovenantCovenantA formal agreement made in a deed. CC and Rs (Covenants, Conditions and Restrictions)CC and Rs (Covenants, Conditions and Restrictions)Limitations placed on the use and enjoyment of real property. These are found most often in condominiums and planned unit developments. 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. 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. Further SuggestionsRate covenantDeed of covenant Covenants deed of covenant Negative covenant Bond covenant |
|
|
|