Corporate finance and Covenant: Difference between pages

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1.
1. A formal legal agreement to take, or not to take, certain actions.


The management and analysis of a firm's shareholder value, particularly in relation to its capital structure and funding, and in relation to any proposals for major acquisitions or disposals.
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.
 
 
2.
 
External services supporting this activity, for example banking, legal or accounting advisory and reporting services.


3. In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund.


== See also ==
== See also ==
* [[Acquisition]]
* [[Accounting exposure]]
* [[Capital structure]]
* [[Asset cover]]
* [[Corporate financial management]]
* [[Event of default]]
* [[FP&A]]
* [[Financial covenant]]
* [[Project finance]]
* [[Incurrence covenant]]
* [[Shareholder value]]
* [[Interest cover]]
 
* [[Loan agreement]]
 
* [[Maintenance covenant]]
 
* [[Net worth]]
==Other resources==
* [[Restrictive covenant]]
[[Media:2013_10_Oct_-_The_real_deal.pdf| The real deal - corporate valuation, growth and decline, The Treasurer]]
* [[Waiver]]
 
''Real rates of corporate decline often lead to miscalculation, overpaying for acquisitions and disastrous losses.''


''This article shows how to avoid the most common errors, save money and earn valuable exam marks.''


[[Category:The_business_context]]
==References==
[[Category:Corporate_finance]]
<references />
[[Category:Investment]]
[[Category:Long_term_funding]]

Revision as of 14:16, 12 July 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


References

  1. ↑ http://www.treasurers.org/node/8842
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