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 Penny Stock:
- Examples of general equities. Stock that typically sells for less than $1 a share, although it may rise to as much as $10/share after the initial public offering, usually because of heavy promotion. All are protective covenant definition.
- Definition Phone Switching:
- Examples between funds in the same mutual fund family by telephone request. There may be a charge associated with these transfers. Phone switching is also possible among different fund families if the funds protective covenant explain.
- Definition Prices (Of Equity):
- Examples Price of a share of common stock on the date shown. Highs and lows are based on the highest and lowest intraday trading price protective covenant what is.
- Definition Policyholder Loan Bonds:
- Examples Packaged loans acquired by policyholders that are secured by the cash surrender value of the policies, and are offered by a broker/dealer as bonds protective covenant meaning.
- Definition Physical Verification:
- Examples A procedure auditors use to ensure that inventory recorded in the book is correct by actually checking out the physical inventory protective covenant abbreviation.
