HomeDefinitionsCompareDebt Rate covenantThe 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 MatchesAffirmative covenantAffirmative covenantA bond covenant that specifies certain actions the firm must take. Bond covenantBond covenantA contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions. 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). Further SuggestionsNegative covenantPositive covenant (of a bond) Restrictive covenants Click to compare definitions of Rate covenant Click to view definitions beginning ra |