| 单词 | negative pledge clause |
| 释义 | > as lemmasnegative pledge clause negative pledge n. Banking and Finance a clause in a borrowing agreement whereby the borrower undertakes not to incur new debts or to pledge assets elsewhere without the consent of the lender; more fully negative pledge clause. ΚΠ 1930 Amer. Jrnl. Internat. Law 24 Suppl. 128 The Reich shall undertake to assign certain revenues..for the service of such bonds. This assignment will constitute a negative pledge. 1973 ‘D. Jordan’ Nile Green xxiv. 99 The American lawyers had a query about the negative pledge clause. 1992 R. Harrington Markets & Dealers iii. 76 Some bonds are secured on the assets of the issuer..while others are unsecured but invariably carry a negative pledge to the effect that the company in question will not subsequently issue bonds which have any greater security or degree of preference. < as lemmas |
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