imported>Doug Williamson |
imported>Doug Williamson |
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| 1.
| | A measure of the change in prices of goods sold by UK manufacturers. |
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| A formal legal agreement to take, or not to take, certain actions.
| | Sometimes called 'factory gate prices', or 'factory prices'. |
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| In loan documentation, a promise given by the borrower to take, or not to take, specified actions relevant to the borrower's creditworthiness.
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| For example, a ''financial covenant'' to maintain a minimum ratio of net worth to debt.
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| 3.
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| In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund.
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| == See also == | | == See also == |
| * [[Accounting exposure]] | | * [[Consumer Prices Index]] |
| * [[Asset cover]] | | * [[Price indexation]] |
| * [[Breach of covenant]]
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| * [[Clause]]
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| * [[Compliance]]
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| * [[Condition]]
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| * [[Contingent covenant]]
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| * [[Covenant trigger]]
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| * [[Covenant-lite]]
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| * [[Credit risk]]
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| * [[Event of default]]
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| * [[Financial covenant]]
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| * [[Generally accepted accounting principles]]
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| * [[Grace period]]
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| * [[Headroom]]
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| * [[Incurrence covenant]]
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| * [[Interest cover]]
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| * [[Loan agreement]]
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| * [[Maintenance covenant]]
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| * [[Net worth]]
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| * [[Non-financial covenant]]
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| * [[Representations]]
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| * [[Restrictive covenant]]
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| * [[Term]]
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| * [[Trigger event]]
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| * [[Waiver]]
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| * [[Warranty]]
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| ==Other links==
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| [http://www.treasurers.org/node/8842 Treasury Essentials: Covenants, The Treasurer, March 2013]
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| [[Category:Long_term_funding]] | | [[Category:Knowledge_and_information_management]] |
| [[Category:Manage_risks]] | | [[Category:Corporate_finance]] |
| [[Category:Risk_frameworks]]
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| [[Category:Treasury_operations_infrastructure]]
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