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Covenant |
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CovenantA formal agreement made in a deed.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. 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. 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. 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. 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 Suggestionsdeed of covenantBond covenant Covenants Affirmative covenant Breach of covenant Negative covenant |
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