|
Covenants (See Chapters 22 and 35 of the Vernimmen)
Covenants are special clauses accompanying the bank loan. There are positive covenants, negative covenants, pari passu covenants, and cross-default covenants.
Covenants (See Chapters 22 and 35 of the Vernimmen)
Covenants are special clauses accompanying the bank loan. There are positive covenants, negative covenants, pari passu covenants, and cross-default covenants.
See
all terms in the dictionary of finance
To know more about it, look at what we have already written on this subject :
Find : Covenants
|
|
|
|
You get more than just a glossary
on www.vernimmen.com:
- A monthly newsletter with over 60,000
subscribers
- 610,000 financial data for over 16,000
groups
- A 279-question quiz with answers
- A text book that has
sold 130,000 copies
- And all the rest |