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Bond covenant |
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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. How to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit webmaster's page for free fun content. |
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Sagging occupancy, less than efficient operations, unacceptable profit margins bond covenant violations Some bond covenants allow for the transfer of debt to another jurisdiction; others don't. Deposit and investment act may be affected by local ordinance, written policy, bond covenant or management practice. |
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