HomeDefinitionsCompareDebt Bond covenantThe 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 MatchesAffirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. CovenantsCovenantsProvisions 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 covenantNegative covenantA bond covenant that limits or prohibits certain actions unless the bondholders agree. Further SuggestionsPositive covenant (of a bond)Rate covenant Restrictive covenants Click to compare definitions of Bond covenant Click to view definitions beginning bo |