Positive covenant (of a bond)

 

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Positive covenant (of a bond)

A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant.



Positive covenant (of a bond)

Similar Matches

Positive convexity

Positive convexity

A property of option-free bonds that the price appreciation for a large downward change in interest rates will be greater (in absolute terms) than the price depreciation for the same downward change in interest rates.


Positive externality

Positive externality

A beneficial externality; that is, a beneficial effect of one economic agent's actions on another. Considered a distortion because the first agent has inadequate incentive to act. Examples are the attractiveness of well-kept farms for the tourism industry (a production externality) and reduced contagion of disease due to vaccines (a consumption externality).


Positive yield curve

Positive yield curve

When long-term debt long-term debt are higher than short-term debt rates (because of the increased long-term debt involved with long-term debt long-term debt).


Positive carry

Positive carry

Related: Net financing cost


Positive float

Positive float

See: Float


Further Suggestions

Positive list
Extraordinary positive value
Positive Sum Relationship
Positive


 
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