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

Extraordinary positive value

Extraordinary positive value

A positive net present value.


Positive list

Positive list

In 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 carry

Positive carry

Related: Net financing cost


Positive

Positive

Refers 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 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.


Further Suggestions

Positive externality
Positive Sum Relationship
Positive float
Positive yield curve


 
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