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restrictive covenant
(redirected from Covenants, conditions, and restrictions)

   Also found in: Dictionary/thesaurus, Medical, Legal, Acronyms, Encyclopedia, Wikipedia 0.01 sec.
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.

restrictive covenant
See covenant.

restrictive covenant
A deed restriction. See covenant.


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In neighborhoods where architectural control committees enforce mailbox homogeneity, streetscapes essentially communicate one of two messages: The Smith family is either abiding by the community's covenants, conditions, and restrictions, or it isn't.
If you live in or are about to purchase a home in a community with a homeowners association--designed to provide community, governance, and business services--first, read the governing documents known as bylaws or covenants, conditions, and restrictions.
An unanticipated consequence of MRTA, which apparently was not recognized by its drafters, was its impact on the covenants, conditions, and restrictions of planned developments.
 
 
 
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