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restrictive covenant
(redirected from Restricted Covenants)

   Also found in: Dictionary/thesaurus, Medical, Legal, 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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It had to pay Downing the cash because it owns the Port of Liverpool Building, which benefits from restricted covenants that dictate how high neighbouring buildings can be built.
It had to pay Downing the cash because it owns the Port of Liverpool Building, which benefits from restricted covenants that dictate how high neighbouring buildings can be built.
He said similar past applications had always been refused on the grounds of the restricted covenants, so they had no reason to expect this one would be allowed.
 
 
 
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