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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 MatchesPositive listPositive listIn an international agreement, a list of those items, entities, products, etc. to which the agreement will apply, with no commitment to apply the agreement to anything else. Contrasts with negative list. Positive floatPositive floatSee: Float Positive yield curvePositive yield curveWhen 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 convexityPositive convexityA 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. Extraordinary positive valueExtraordinary positive valueA positive net present value. Further SuggestionsPositive externalityPositive carry Positive Sum Relationship Positive |
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