Negative covenant: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ICM Reading 13.11.1 page 13.19, for April 2014 exam season.) |
imported>Doug Williamson m (Link with Security page.) |
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* [[Affirmative covenant]] | * [[Affirmative covenant]] | ||
* [[Covenant]] | * [[Covenant]] | ||
* [[Security]] | |||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Long_term_funding]] | ||
[[Category: | [[Category:Treasury_operations_infrastructure]] | ||
[[Category: | [[Category:Compliance_and_audit]] | ||
Latest revision as of 10:05, 22 June 2014
A covenant requiring a party to refrain from taking certain actions.
For example, a borrower's covenant not to grant security over assets in favour of other lenders.
