term pledge negative help what is
Meaning of negative pledge. What is it: grant a loan without any collateral, to a borrower.

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Definition negative pledge

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 Notes Editor:
Help The means of entering project documentation, either SAPscript or WinWord. This determination is made at the system level and set in Customizing under Basic functions negative pledge definition.
Manual Nomination:
Help the scheduling and communication document in the Trader's ; Scheduler's Workbench (TSW). It is the basis for creating subsequent documents for each line item in the nomination negative pledge explain.
Manual Netting Document:
Help Document in Exchanges used for netting purposes (i.e. for combining financial items representing claims and liabilities that you have with respect to your exchange partner negative pledge what is.
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 meaning.
Manual Notification Comment:
Help Text that is inserted into notifications sent by the subscription service. A notification comment can be specified for a subscription by the subscription owner negative pledge abbreviation.
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