Negative covenant

 

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Negative covenant

A bond covenant that limits or prohibits certain actions unless the bondholders agree.



Negative covenant

Similar Matches

Negative cash flow

Negative cash flow

Occurs when spending in a business is greater than earnings.


Negative pledge clause

Negative 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.


Negative list

Negative 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 income tax

Negative income tax

A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.


Negative externality

Negative externality

A harmful externality; that is, a harmful effect of one economic agent's actions on another. Considered a distortion because the first agent has inadequate incentive to curtail their action. Examples are pollution from factories (a production externality) and smoke from cigarettes (a consumption externality).


Further Suggestions

Negative amortization
Negative NPV tie in project
Negative convexity
Negative duration
Negative yield curve
Negative working capital
N Negative Amortization
negative equity


 
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