Ratio covenant: Difference between revisions

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imported>Doug Williamson
m (Category added 9/10/13)
imported>Doug Williamson
(Simplify to remove reference to "balance", and categorise page further.)
 
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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 balance or other financial ratios.
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.




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* [[Loan agreement]]
* [[Loan agreement]]


[[Category:Legal_Documentation]]
[[Category:Treasury_operations_infrastructure]]
[[Category:Manage_risks]]
[[Category:Risk_frameworks]]

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