Rate covenant

 

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Rate covenant

A provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility.



Rate covenant

Similar Matches

Covenant

Covenant

A formal agreement made in a deed.


Deed of covenant

Deed of covenant

A legal document which records the obligation of one individual to pay a specified sum to another for a specified number of years.The individual making the payment deducts tax at the basic rate and thus pays a net amount on which tax relief is obtained. If the recipient is a registered charity the payer can obtain tax relief up to his/her higher rate whilst the charity can claim back the amount deducted.In other words, it is a tax effective way for individuals to give to charity.


Restrictive covenants

Restrictive covenants

Provisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividends.


Positive covenant (of a bond)

Positive covenant (of a bond)

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


Affirmative covenant

Affirmative covenant

A bond covenant that specifies certain actions the firm must take.


Further Suggestions

Covenants
CC and Rs (Covenants, Conditions and Restrictions)
Negative covenant
Deed of covenant
Breach of covenant
Bond covenant


 
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