Biodiversity COP 15 and Covenant: Difference between pages
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'' | #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, specified actions relevant to the borrower's creditworthiness.<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. | |||
== See also == | |||
* [[Accounting exposure]] | |||
* [[Asset cover]] | |||
* [[Breach of covenant]] | |||
* [[Compliance]] | |||
* [[Contingent covenant]] | |||
* [[Credit risk]] | |||
* [[Event of default]] | |||
* [[Financial covenant]] | |||
* [[Generally accepted accounting principles]] | |||
* [[Incurrence covenant]] | |||
* [[Interest cover]] | |||
* [[Loan agreement]] | |||
* [[Maintenance covenant]] | |||
* [[MCT]] | |||
* [[Net worth]] | |||
* [[Non-financial covenant]] | |||
* [[Restrictive covenant]] | |||
* [[Waiver]] | |||
The | ==References== | ||
<references/> Treasury Essentials: Covenants, The Treasurer, March 2013 | |||
===Other links=== | |||
[http://www.treasurers.org/node/5225 Loan agreement covenant performance, Will Spinney, ACT 2009] | |||
[[Category:Long_term_funding]] | [[Category:Long_term_funding]] | ||
[[Category:Manage_risks]] | [[Category:Manage_risks]] | ||
[[Category:Risk_frameworks]] | [[Category:Risk_frameworks]] | ||
[[Category: | [[Category:Treasury_operations_infrastructure]] | ||
Revision as of 16:10, 17 January 2016
- 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, specified actions relevant to the borrower's creditworthiness.[1] 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.
See also
- Accounting exposure
- Asset cover
- Breach of covenant
- Compliance
- Contingent covenant
- Credit risk
- Event of default
- Financial covenant
- Generally accepted accounting principles
- Incurrence covenant
- Interest cover
- Loan agreement
- Maintenance covenant
- MCT
- Net worth
- Non-financial covenant
- Restrictive covenant
- Waiver
References
Treasury Essentials: Covenants, The Treasurer, March 2013