Positive Covenant

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Positive covenant (of a bond)

A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant.

Positive Covenant

A bond covenant that requires the issuer to take certain actions. For example, a positive covenant may require an issuer to maintain enough liquid assets to cover the principal of the bond. More commonly, a positive covenant requires the issuer to have a certain amount of insurance or submit to periodic audits. It contrasts with a negative covenant, which prevents the issuer from taking the enumerated actions. It is also called an affirmative covenant.

positive covenant

A clause in a loan agreement that requires a specified action by the borrower. For example, a positive covenant may mandate that the borrower maintain a specific level of working capital or issue periodic reports to creditors. Compare negative covenant.

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Affirmative Covenant Bond Covenant covenant Negative Covenant Protective Covenant restrictive covenant Restrictive Covenants			There is a positive covenant to operate greyhound racing at the venue so I would also ask all interested parties to write expressing their wishes that it should continue. Greyhounds: Ex-Rye boss Lesley calls for letters of support by The Racing Post (London, England) [ILLUSTRATION OMITTED] "Banks," the book states, "rarely take credit risk without requiring some security, even if only a positive covenant to maintain existing activities. Bespoke financing: squaring Africa's trade circle by Versi, Anver / African Business In addition, the loan covenants included positive covenants for the borrowers to apply for planning consent for the development of Thistle Lancaster Gate, Thistle Kensington Park, and Thistle Kensington Palace for residential purposes within a specified period of their purchase. S&P: HOTELoC Nts Stay on Watch Dev On Orb Hotel Sale by Business Wire			Posicao descoberta Posicao financeira Posicao futura Posicion Posicion abierta Posicion corta Posicion descubierta Posicion larga Posiciones POSIT Position Position Bond Position Building Position Day Position Diagram position limit Position limits Position Self Position Sheet Position Sizing Position Trader Position Trading Positive Carry positive cash flow Positive Convexity Positive Covenant Positive float positive leverage Positive Obligation Positive Volume Index Positive Yield Curve possession Possessions Corporation possessory interest possibility of reverter Post Post 30 Stock Post Execute Reporting System Post Execution Reporting System Post-Audit Post-Dated Check Post-Money Valuation Post-Trade Benchmarks Post-trade processing Postal Code Postergacion del pago de impuestos postforeclosure redemption rights Posto de troca Postponement Option Postponing Income Pot			Positive Combat Identification Task Force Positive Conditional Stimulus Positive Conjunctive Normal Form Positive Conservative Regular Affine positive contrast positive contrast positive contrast positive contrast Positive control Positive control Positive control (disambiguation) Positive Control 1 Positive Control 2 Positive Control Airspace Positive Control Area Positive Control Check Positive Control Launch Positive Control Material Positive Control Turn-Around Point positive convergence positive convergence positive convergence positive convergence positive convergence Positive convexity positive correlation positive correlation positive correlation positive correlation positive correlation Positive Covenant Positive Covenant of a Bond Positive Covenants Positive Covenants of a Bond Positive Crankcase Ventilation Positive Crankcase Ventilation Valve Positive Creations Music Collective positive crystal Positive crystals positive cutoff positive declaration positive declination positive defect positive defect positive defect positive defect Positive definite Positive definite Positive definite function Positive Definite Quadratic form Positive Deflection at 100 ms positive degree Positive Delivery Notification positive derail Positive Deviance Positive Deviance Initiative Positive Direct Flame Ionization Detection Positive Direction for Youth Positive Discrepancy Revenue

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