Ratio covenant: Difference between revisions

From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson
(Simplify to remove reference to "balance", and categorise page further.)
imported>Doug Williamson
(Simplify to remove reference to "balance", and categorise page further.)
 
(No difference)

Latest revision as of 15:12, 12 January 2014

An undertaking given in a loan agreement by the borrower that it will operate its business within a financial constraint specified in the form of a financial ratio.


See also