Covenant and Output tax: Difference between pages

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1.
''UK VAT''.
 
The VAT on goods and services out of a business.
A formal legal agreement to take, or not to take, certain actions.
 
 
2.
 
In loan documentation, a promise given by the borrower to take, or not to take, specified actions relevant to the borrower's creditworthiness. 
 
For example, a ''financial covenant'' to maintain a minimum ratio of net worth to debt.
 
 
3.
 
In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund.
 


== See also ==
== See also ==
* [[Accounting exposure]]
* [[Input tax]]
* [[Asset cover]]
* [[VAT]]
* [[Breach of covenant]]
* [[Compliance]]
* [[Condition]]
* [[Contingent covenant]]
* [[Covenant trigger]]
* [[Covenant-lite]]
* [[Credit risk]]
* [[Event of default]]
* [[Financial covenant]]
* [[Generally accepted accounting principles]]
* [[Grace period]]
* [[Incurrence covenant]]
* [[Interest cover]]
* [[Loan agreement]]
* [[Maintenance covenant]]
* [[Net worth]]
* [[Non-financial covenant]]
* [[Representations]]
* [[Restrictive covenant]]
* [[Trigger event]]
* [[Waiver]]
* [[Warranty]]
 
 
==Other links==
[http://www.treasurers.org/node/8842 Treasury Essentials: Covenants, The Treasurer, March 2013]


[[Category:Long_term_funding]]
[[Category:Taxation]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]
[[Category:Treasury_operations_infrastructure]]

Revision as of 17:14, 18 June 2013

UK VAT. The VAT on goods and services out of a business.

See also