HomeDefinitionsCompareDebt CovenantsThe financial definition for 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). Similar MatchesRestrictive covenantsRestrictive covenantsProvisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividends. Click to compare definitions of Covenants Click to view definitions beginning co |