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Bond covenant

The financial definition for Bond covenant:

A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.




Similar Matches

Affirmative covenant

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


Covenants

Covenants
Provisions 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).


Negative covenant

Negative covenant
A bond covenant that limits or prohibits certain actions unless the bondholders agree.


Further Suggestions

Positive covenant (of a bond)
Rate covenant
Restrictive covenants


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