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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 MatchesBond covenantBond covenantA contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions. 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. CovenantCovenantA formal agreement made in a deed. 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. 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. Further SuggestionsCovenantsDeed of covenant Affirmative covenant deed of covenant Negative covenant Restrictive covenants |
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