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Rate covenant

The financial definition for Rate covenant:

A provision governing a municipal revenue project financed by a revenue bond issue, which establishes the rates to be charged users of the new facility.




Similar Matches

Affirmative covenant

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


Bond covenant

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


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).


Further Suggestions

Negative covenant
Positive covenant (of a bond)
Restrictive covenants


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Rate covenant
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