Covenant-lite

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Revision as of 07:37, 13 December 2016 by imported>Doug Williamson (Update.)
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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.

Sometimes shortened to cov-lite.


The origin of 'lite' is an intentional mis-spelling of 'light', used to describe lower-alcohol beers.


See also