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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 MatchesPositivePositiveRefers to "what is," in contrast to normative which involves value judgments as to "what ought to be." The word is not, in this use, the opposite of either "negative" or "harmful." Positive 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 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. Positive floatPositive floatSee: Float Further SuggestionsPositive carryPositive externality Positive Sum Relationship Extraordinary positive value |
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