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Covenant |
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CovenantA formal agreement made in a deed.Similar MatchesCC 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. CovenantsCovenantsProvisions in a bond indenture or preferred stock agreement that require the bond or preferred stock issuer to take certain specified actions (affirmative covenants) or to refrain from taking certain specified actions (negative covenants). Affirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. Bond covenantBond covenantA contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions. 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 SuggestionsNegative covenantBreach of covenant Positive covenant (of a bond) Rate covenant Deed of covenant deed of covenant |
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