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Rate covenant |
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Rate covenantA 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 MatchesCovenantsCovenantsProvisions in a bond indenture or preferred stock agreement that require the bond or preferred stock issuer to take certain specified actions (affirmative covenants) or to refrain from taking certain specified actions (negative covenants). CovenantCovenantA formal agreement made in a deed. CC and Rs (Covenants, Conditions and Restrictions)CC and Rs (Covenants, Conditions and Restrictions)Limitations placed on the use and enjoyment of real property. These are found most often in condominiums and planned unit developments. Breach of covenantBreach of covenantThe failure to obey a legal agreement. Breach of warranty A seller's inability to pass clear title to a buyer. 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. Further SuggestionsDeed of covenantdeed of covenant Affirmative covenant Bond covenant Restrictive covenants Negative covenant |
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