HomeDefinitionsCompareDebt Positive covenant (of a bond)The financial definition for Positive covenant (of a bond):A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant. Similar MatchesExtraordinary positive valueExtraordinary positive valueA positive net present value. Positive carryPositive carryRelated: Net financing cost Positive convexityPositive convexityA property of option-free bonds that the price appreciation for a large downward change in interest rates will be greater (in absolute terms) than the price depreciation for the same downward change in interest rates. Further SuggestionsPositive floatPositive yield curve Click to compare definitions of Positive covenant (of a bond) Click to view definitions beginning po |