Ratio covenant: Difference between revisions
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imported>Doug Williamson m (Category added 9/10/13) |
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An undertaking given in a loan agreement by the borrower that it will operate its business within a financial constraint specified in the form of balance or other financial ratios. | An undertaking given in a loan agreement by the borrower that it will operate its business within a financial constraint specified in the form of balance or other financial ratios. | ||
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== See also == | == See also == | ||
* [[Loan agreement]] | * [[Loan agreement]] | ||
[[Category:Legal_Documentation]] | |||
Revision as of 11:33, 9 October 2013
An undertaking given in a loan agreement by the borrower that it will operate its business within a financial constraint specified in the form of balance or other financial ratios.
