Negative covenantA bond covenant that limits or prohibits certain actions unless the bondholders agree.
Negative pledge clauseNegative pledge clause
A bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders.
N Negative AmortizationN Negative Amortization
A condition created when a loan payment is less than interest alone. Even though payments are made on time, the amount owing increases.
Negative listNegative list
In an international agreement, a list of those items, entities, products, etc. to which the agreement will not apply, the commitment being to apply the agreement to everything else. Contrasts with positive list.
Negative cash flowNegative cash flow
Occurs when spending in a business is greater than earnings.
Negative equityNegative equity
A situation where the purchaser of a property has taken out a mortgage and some time after the purchase, the value of the property falls below the mortgage amount. For example:Purchase price of property: £80,000Deposit: £10,000Mortgage: £70,000If the value of the property falls below £70,000, the mortgage holder has negative equity in the property.
Further SuggestionsNegative amortization
Negative working capital
Negative yield curve
Negative income tax
Negative NPV tie in project