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Related Definitions
Covenant of Seisin Covenant of Seisin is a clause that guarantees or verifies the owner’s possession of the property they are transferring. This clause ensures that there will be...
Debt Covenant Debt Covenants are limits imposed on loan agreements by lenders to constrain the borrower's actions (the debtor). These are agreements between a firm and its lenders...
Bond covenant Bond covenant is a contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant
Restrictive covenants Restrictive covenants is the provisions that restrict and specify certain activities that a borrower can engage in.
Covenant Covenant is a definite provision in a loan contract.
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