Negative pledge clause

 

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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 pledge clause

Similar Matches

Negative covenant

Negative covenant

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


Negative cash flow

Negative cash flow

Occurs when spending in a business is greater than earnings.


Negative working capital

Negative working capital

Occurs when current liabilities exceed current assets, which can lead to bankruptcy.


Negative convexity

Negative convexity

A 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 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.


Further Suggestions

Negative NPV tie in project
negative equity
Negative list
Negative duration
Negative yield curve
Negative externality
Negative amortization
N Negative Amortization


 
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