| 释义 |
protective covenant
protective covenant1. An agreement, in writing, which restricts the use of real property. 2. A restriction, which affects the use of real property, that appears in a legal document conveying title to the property.protective covenant
Protective covenantA part of an indenture or loan agreement that limits certain actions a company may take during the term of the loan to protect the lender's interests.Bond CovenantAn agreement between the issuer and holder of a bond, requiring or forbidding certain actions of the issuer. Positive covenants require actions while negative covenants forbid them. The exact terms of a bond covenant must be written in the bond indenture.protective covenant See covenant. |