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Negative pledge clause |
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Negative 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 pledge clause Similar MatchesNegative listNegative listIn 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 covenantNegative covenantA bond covenant that limits or prohibits certain actions unless the bondholders agree. Negative durationNegative durationOccurs when the price of an MBS moves in the same direction as interest rates. Negative convexityNegative convexityA bond characteristic such that the price appreciation will be less than the price depreciation for a large change in yield of a given number of basis points. For example, a fixed-rate mortgage may lose value as rates go down because of prepayments. Negative working capitalNegative working capitalOccurs when current liabilities exceed current assets, which can lead to bankruptcy. Further Suggestionsnegative equityNegative NPV tie in project N Negative Amortization Negative amortization Negative income tax Negative externality Negative yield curve Negative cash flow |
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