Affirmative covenant

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

Positive Covenant

A bond covenant that requires the issuer to take certain actions. For example, a positive covenant may require an issuer to maintain enough liquid assets to cover the principal of the bond. More commonly, a positive covenant requires the issuer to have a certain amount of insurance or submit to periodic audits. It contrasts with a negative covenant, which prevents the issuer from taking the enumerated actions. It is also called an affirmative covenant.

单词	affirmative covenant
释义	Affirmative covenant Affirmative covenant A bond covenant that specifies certain actions the firm must take. Positive Covenant A bond covenant that requires the issuer to take certain actions. For example, a positive covenant may require an issuer to maintain enough liquid assets to cover the principal of the bond. More commonly, a positive covenant requires the issuer to have a certain amount of insurance or submit to periodic audits. It contrasts with a negative covenant, which prevents the issuer from taking the enumerated actions. It is also called an affirmative covenant.
随便看	child, gifted child grooming child grooming-sexual child guidance child guidance & family solutions child health and disease prevention child health and illness profile-adolescent edition child health and nutrition research initiative child health and safety child health assessment nurse provider child health associate/physician assistant child health consortium child health corporation of america child health day child health epidemiology reference group child health evaluation and care child health foundation child health institute child health institute of new jersey child health insurance reform program child health insurance research initiative child health investment partnership child health oversight committee child health promotion research unit child health questionnaire