NEGATIVE PLEDGE title: negative pledge (FS-CMS) (SAP Library - Glossary)
NEGATIVE PLEDGE category: Collateral Management System (FS-CMS)
NEGATIVE PLEDGE explained:
The statement in which a bank declares itself prepared to grant a loan without any collateral, to a borrower, provided that the borrower agrees not to furnish collateral to other creditors.
A negative pledge is intended to keep the debtor's assets unencumbered and to secure the value of debtor's collateral by not permitting it to be used for the benefit of other creditors by imposing a limited ban on sale. For this reason, a negative pledge includes a ban on encumbrances, a limited ban on sale and to make it complete from a legal point of view - a ban on additional undertakings.
More terms such as negative pledge in Dictionary N.
- Manual Named Include:
- Help An include function for which a group name was assigned negative pledge definition.
- Manual Number Range Object (CA-GTF):
- Help contains all the definitions required for assigning numbers to a business object. One number range object corresponds to one business object, but can include one or more number ranges negative pledge explain.
- Manual Number Assignment:
- Help which numbers are allocated to business objects. There are two types of number assignment: Internal number assignment occurs automatically in the R/3 System. External number assignment is performed negative pledge what is.
- Manual Normal Year End Adjustment:
- Help process in Japan to calculate legitimate income tax amount based on employee's annual salary for a comparison with income tax already deducted. Claim the difference in the last payroll in negative pledge meaning.
- Manual Note Type:
- Help classification of notes (project documentation) for differentiating between notes that have particular types of content. You can define any number of note types such as: Meeting minutes or decisions negative pledge abbreviation.
