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.