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Bond Covenant
(redirected from Bond Covenants)

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Bond covenant
A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.

Bond Covenant
An 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.


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Hospitals try to make the bond covenants achievable because if they fail "it endangers the whole financing," Rock said.
Hammerson, the country's fourth-largest property company, will raise pounds 580m and warned that without extra funding it was likely to breach the terms of its bank and bond covenants.
Hospitals nationwide are at risk of defaulting on their bond covenants and/or declaring bankruptcy.
 
 
 
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