Restrictive covenants

Provisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividends.

Restrictive Covenant

A bond covenant that forbids the issuer from taking certain actions. For example, a restrictive covenant may prevent an issuer from issuing more debt until the bond matures. More commonly, a restrictive covenant limits the dividends an issuer may pay to shareholders so as to reduce the risk to the bond. It contrasts with a positive covenant, which requires the issuer to take certain enumerated actions. It is also called a negative covenant.

单词	restrictive covenants
释义	DictionarySeerestrictive covenantEncyclopediaSeeRestrictive covenant Restrictive covenants Restrictive covenants Provisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividends. Restrictive Covenant A bond covenant that forbids the issuer from taking certain actions. For example, a restrictive covenant may prevent an issuer from issuing more debt until the bond matures. More commonly, a restrictive covenant limits the dividends an issuer may pay to shareholders so as to reduce the risk to the bond. It contrasts with a positive covenant, which requires the issuer to take certain enumerated actions. It is also called a negative covenant.
随便看	attacker attackers attack/fighter, experimental attack flamingo attack force attack group attack group commander american canadian grand lodge american canadian thrombosis study american cancer research society american cancer society american cancer society cancer action network american cancer society university american cane sugar refiners' association american canine association, inc. american canine education foundation, inc american canine foundation american canine hybrid club american canine sports medicine association american cannabis nurses association american canoe association american capital american capital strategies, ltd american car american car acquisition resources