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Limitation on Asset Dispositions |
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Limitation on asset dispositions Limitation on Asset Dispositions A provision in some bond indentures limiting the issuer's ability to sell certain stated assets. A limitation on asset dispositions reduces the risk to bondholders that the issuer will sell its assets and then default on the bond, which would mean that the bondholders would be completely unable to recover their investments. See also: Secured bond. Want to thank TFD for its existence? Tell a friend about us, add a link to this page, add the site to iGoogle, or visit the webmaster's page for free fun content. |
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