Limitation on Liens

0.01 sec.

Limitation on liens

A bond covenant that restricts in some way a firm's ability to grant liens on its assets.

Limitation on Liens

An aspect of some bonds in which the issuer is only allowed to grant liens on its assets in certain circumstances. A bond with a limitation on liens generally carries lower risk because, in the event of default, the issuer's assets have fewer liens from secured creditors. This means that the bondholders have a higher priority on the proceeds of liquidation.

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.

?Page tools

Printer friendly
Cite / link

Feedback
Add definition

Mentioned in	?		References in periodicals archive	?		Financial browser	?		Full browser	?
No references found			The notes contain a change of control provision along with a limitation on liens, sale leasebacks, and mergers and acquisitions. Fitch Rates Kroger's New $500MM Sr. Unsecured Notes 'BBB'; Outlook ... by Business Wire Similar to TRI's recent bond offerings, the new notes include 1) a limitation on liens over 10% of Shareholders Equity, excluding standard carve-outs, 2) a put should a change of control (at 50% of voting shares) and downgrade below investment grade (as defined) occur and 3) a cross-default in the event of non-payment of principal greater than 3% of Shareholders Equity. Fitch Rates Thomson Reuters' Note Offering 'A-'; Outlook Stable by Business Wire The security package does not include real property, likely as a result of the limitation on liens covenant in LLC bonds. Fitch Rates QVC Secured Note Offering 'BBB-'; Outlook Negative by Business Wire			Lighten Up Like-for-Like Sales like-kind exchange Like-Kind Property Likuta Lima Stock Exchange Limbo Limit Limit Cycles Limit Down Limit if Touched Limit Move Limit on Close Limit on Close Order Limit Order Limit Order Book Limit Order Display Rule Limit Order Information System Limit Price Limit Up Limit up, limit down Limit-On-Open Order Limitacion voluntaria de las exportaciones Limitation on Asset Dispositions Limitation on Conversion Limitation on Liens Limitation on Merger, Consolidation, or Sale Limitation On Sale-and-Leaseback Limitation on subsidiary borrowing Limitation volontaire des exportations limitations of actions Limite de deuda Limite de ejercicios Limite de fluctuacion Limite de fluctuacion diaria Limite di oscillazione limited appraisal Limited Audit limited capacity limited common elements Limited Company Limited Discretion limited equity condominium Limited flexibility exchange rate system Limited Liability limited liability company Limited Partner limited partners limited partnership Limited Payment Policy limited power of appointment			limitans Limitarian limitary limitary limitary limitary limitary limitary Limitate limitation limitation limitation limitation limitation Limitation clause Limitation Contractuelle d'Indemnité Limitation of actions Limitation of actions Limitation of actions Limitation of actions Limitation of actions Limitation of Benefit Limitation Of Government Obligation Limitation of Motion Limitation of Motion Limitation of Relative Statistical Weights Limitation on Asset Disposition Limitation on asset dispositions Limitation on conversion Limitation on Lien Limitation on Liens Limitation on Merger Consolidation or Sale Limitation on Merger, Consolidation or Sale Limitation on merger, consolidation, or sale Limitation On Sale and Leaseback Limitation on sale-and-leaseback Limitation on subsidiary borrowing limitation period limitation period limitation period limitation period limitation periods limitation periods limitation periods limitation periods Limitation to Scope of Testing Limitation volontaire des exportations Limitation, Statutes of limitations limitations limitations limitations Limitations and Exclusions Limitations of Actions Limitations of Actions Limitations on Asset Disposition Limitations on Asset Dispositions Limitations on Conversion Limitations on Heart Balm Actions Limitations on Lien Limitations on Liens

Financial Dictionary

Free Tools:	For surfers: Free toolbar & extensions \| Word of the Day \| Help For webmasters: Free content \| Linking \| Lookup box \| Double-click lookup \| Partner with us

Disclaimer
All content on this website, including dictionary, thesaurus, literature, geography, and other reference data is for informational purposes only. This information should not be considered complete, up to date, and is not intended to be used in place of a visit, consultation, or advice of a legal, medical, or any other professional.