Ideation and Negative pledge: Difference between pages

From ACT Wiki
(Difference between pages)
Jump to navigationJump to search
imported>Doug Williamson
(Add link.)
 
imported>Doug Williamson
(Add link.)
 
Line 1: Line 1:
1. ''Product and software development''.
A term used in loan documentation.


Ideation is the stage in product or software development in which ideas or concepts are formed.
It is a promise not to create a class of creditor that ranks above the lender in priority for repayment.
Usually this means that, for an unsecured loan, the borrower promises not to grant security to another, subsequent lender.


It precedes the proof of concept stage.


== See also ==
* [[Covenant]]
* [[Carve-out]]
* [[Grant]]
* [[Pari passu]]
* [[Pari passu clause]]
* [[Security]]


2.
[[Category:Long_term_funding]]
 
[[Category:Manage_risks]]
More generally, the activity or skill of forming new concepts.
[[Category:Risk_frameworks]]
 
[[Category:Treasury_operations_infrastructure]]
 
==See also==
*[[CliftonStrengths]]
*[[Proof of concept]]
*[[Research & development]]
 
[[Category:The_business_context]]

Latest revision as of 15:28, 8 July 2021

A term used in loan documentation.

It is a promise not to create a class of creditor that ranks above the lender in priority for repayment.

Usually this means that, for an unsecured loan, the borrower promises not to grant security to another, subsequent lender.


See also