The-definition.com

Definition

Bond covenant

Bond covenant is a contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.

Share it:  Cite

More from this Section

  • Default
    Default is generally, failure to satisfy an obligation when due, or the occurrence of ...
  • Accumulation
    Accumulation is in the context of corporate finance, refers to profits that are added ...
  • Stakeholder
    Stakeholder means any individual or group who has an interest in a firm; in addition to ...
  • Cost-push inflation
    Cost-push inflation is the inflation that occurs because of the push by workers to obtain ...
  • Licensee
    Someone who enters or remains on the premises with the occupant’s expressed or implied ...