Ratio covenant and Ratio decidendi: Difference between pages

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''Law''. 


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.
The underlying principle of law in a particular legal case or other legal decision.
 
Often abbreviated in discussions between lawyers to 'ratio'.




== See also ==
== See also ==
* [[Loan agreement]]
* [[Judicial precedent]]
* [[Obiter dicta]]


[[Category:Compliance_and_audit]]

Revision as of 15:29, 20 August 2013

Law.

The underlying principle of law in a particular legal case or other legal decision.

Often abbreviated in discussions between lawyers to 'ratio'.


See also