Covenant: Difference between revisions

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1. A formal legal agreement to take, or not to take, certain actions.
#A formal legal agreement to take, or not to take, certain actions.
 
#In loan documentation, a promise given by the borrower to take, or not to take, relevant actions.<ref>http://www.treasurers.org/node/8842</ref>  For example, a ''financial covenant'' to maintain a minimum ratio of net worth to debt.
2. In loan documentation, a promise given by the borrower to take, or not to take, relevant actions.<ref>http://www.treasurers.org/node/8842</ref>  For example, a ''financial covenant'' to maintain a minimum ratio of net worth to debt.
#In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund.
 
3. In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund.


== See also ==
== See also ==

Revision as of 12:03, 5 August 2013

  1. A formal legal agreement to take, or not to take, certain actions.
  2. In loan documentation, a promise given by the borrower to take, or not to take, relevant actions.[1] For example, a financial covenant to maintain a minimum ratio of net worth to debt.
  3. In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund.

See also


References

  1. ↑ http://www.treasurers.org/node/8842
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