Black market and Covenant: Difference between pages

Revision as of 16:26, 4 December 2013

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.^[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.

Treasury Essentials: Covenants, The Treasurer, March 2013

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-A market where the trading transaction of goods or services is illegal.
+#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.
+#In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund.
-==See also==
+== See also ==
-* [[Grey market]]
+* [[Accounting exposure]]
+* [[Asset cover]]
+* [[Event of default]]
+* [[Financial covenant]]
+* [[Incurrence covenant]]
+* [[Interest cover]]
+* [[Loan agreement]]
+* [[Maintenance covenant]]
+* [[Net worth]]
+* [[Non-financial covenant]]
+* [[Restrictive covenant]]
+* [[Waiver]]
+==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:Bank_Lending]]
+[[Category:Debt_Capital_Markets]]
+[[Category:Legal_Documentation]]
+[[Category:Managing_Risk]]