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Negative covenant |
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Negative covenantA bond covenant that limits or prohibits certain actions unless the bondholders agree.Negative covenant Similar MatchesNegative working capitalNegative working capitalOccurs when current liabilities exceed current assets, which can lead to bankruptcy. N Negative AmortizationN Negative AmortizationA condition created when a loan payment is less than interest alone. Even though payments are made on time, the amount owing increases. Negative yield curveNegative yield curveWhen the yield on a short-term security is higher than the yield on a long-term security, partially because high interest rates are creating a greater demand for short-term borrowing. Negative pledge clauseNegative pledge clauseA 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 cash flowNegative cash flowOccurs when spending in a business is greater than earnings. Further SuggestionsNegative listNegative externality Negative convexity Negative duration Negative NPV tie in project negative equity Negative amortization Negative income tax |
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