Covenant-lite: Difference between revisions
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imported>Doug Williamson (Create the page. Source: The Treasurer, July 2016, p17.) |
imported>Doug Williamson (Expand.) |
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The origin of 'lite' is an intentional mis-spelling of 'light', used to describe | The origin of 'lite' is an intentional mis-spelling of 'light', used to describe lower-alcohol beers. | ||
Revision as of 14:59, 19 July 2016
Long term funding.
'Covenant-lite' describes loan agreements which have relatively fewer and less onerous ('lite') covenants, typically to conform to other loans of the same borrower.
The origin of 'lite' is an intentional mis-spelling of 'light', used to describe lower-alcohol beers.
