Covenant and DRO: Difference between pages

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1. A formal legal agreement to take, or not to take, certain actions.
Days Receivables Outstanding. The same as Days sales outstanding.
 
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.
 
3. In relation to pension funds, the credit strength of the sponsoring employer and its commitment to the pension fund.


== See also ==
== See also ==
* [[Accounting exposure]]
* [[Days sales outstanding ]]
* [[Asset cover]]
* [[Event of default]]
* [[Financial covenant]]
* [[Incurrence covenant]]
* [[Interest cover]]
* [[Loan agreement]]
* [[Maintenance covenant]]
* [[Net worth]]
* [[Restrictive covenant]]
* [[Waiver]]
 


==References==
<references />

Revision as of 14:19, 23 October 2012

Days Receivables Outstanding. The same as Days sales outstanding.

See also