Buyer-centric and Covenant: Difference between pages
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1. | 1.A formal legal agreement to take, or not to take, certain actions. | ||
In | 2. 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. | ||
3. In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund. | |||
== See also == | |||
* [[Accounting exposure]] | |||
* [[Asset cover]] | |||
* [[Event of default]] | |||
* [[Financial covenant]] | |||
* [[Incurrence covenant]] | |||
* [[Interest cover]] | |||
* [[Loan agreement]] | |||
* [[Maintenance covenant]] | |||
* [[Net worth]] | |||
* [[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] | |||
Revision as of 11:41, 2 October 2013
1.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, relevant actions.[1] 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
- Accounting exposure
- Asset cover
- Event of default
- Financial covenant
- Incurrence covenant
- Interest cover
- Loan agreement
- Maintenance covenant
- Net worth
- Restrictive covenant
- Waiver
References
Treasury Essentials: Covenants, The Treasurer, March 2013
