|
|
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 MatchesCovenantCovenantA formal agreement made in a deed. Affirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. Deed 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. 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. 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. Further SuggestionsPositive covenant (of a bond)Negative covenant Deed of covenant Covenants Rate covenant Bond covenant |
|
|
|