Meaning NEGATIVE PLEDGE CLAUSE: A bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders
More terms such as Negative pledge clause in Dictionary N.
- Definition Nonmarketed Claims:
- Examples Claims that cannot be easily bought and sold in the financial markets, such as those of the government and litigants in lawsuits negative pledge clause definition.
- Definition Nonparallel Shift In The Yield Curve:
- Examples A shift in the yield curve in which yields do not change by the same number of basis points for every maturity. Related: Parallel shift in the yield curve negative pledge clause explain.
- Definition Negative Convexity:
- Examples characteristic such that the price appreciation will be less than the price depreciation for a large change in yield of a given number of basis points. For example, a fixed-rate mortgage may lose negative pledge clause what is.
- Definition National Debt:
- Examples Treasury bills, notes, bonds, and other debt obligations that constitute the debt owed by the federal government negative pledge clause meaning.
- Definition Nonmember Firm:
- Examples equity securities. Brokerage firm that is not a member of an organized exchange (NYSE). Such firms execute trades either through member firms, or on regional exchanges where they are members, or in negative pledge clause abbreviation.