Meaning PROTECTIVE COVENANT: A part of an indenture or loan agreement that limits certain actions a company may take during the term of the loan to protect the lender's interests
More terms such as Protective covenant in Dictionary P.
- Definition Pay-To-Play:
- Examples Attempts by municipal bond underwriting businesses to gain influence with political officials who decide which underwriters are awarded the municipality's business protective covenant definition.
- Definition Present Value:
- Examples today that is equivalent in value to a payment, or to a stream of payments, to be received in the future. To determine the present value, each future cash flow is multiplied by a present value factor protective covenant explain.
- Definition Payment-In-Kind (PIK) Bond:
- Examples A bond that gives the issuer an option (during an initial period) either to make coupon payments in cash or in the form of additional bonds protective covenant what is.
- Definition Prepayment Penalty:
- Examples A fee a borrower pays a lender when the borrower repays a loan before its scheduled time of maturity protective covenant meaning.
- Definition Put An Option:
- Examples To exercise a put option protective covenant abbreviation.
