covenants

covenants
Restrictions on the activities of a debtor written into bank loan agreements or bond indenture agreements.
Contractual terms of the loan or indenture agreement that prohibit the debtor from taking actions that might hurt the interests of the lenders or bondholders. Designed to protect the interests of creditors - often (but not limited to) unsecured creditors. Four common examples of covenants are prohibitions against: issuing new debt, paying dividends if certain minimum financial standards are not maintained, merging with another company, and selling corporate assets. American Banker Glossary

Financial and business terms. 2012.

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  • Covenants — Alliance Covenante Pour les articles homonymes, voir Covenant. Cet article fait partie de la série Halo …   Wikipédia en Français

  • Covenants — Beim englischen Begriff Covenants handelt es sich im deutschen Sprachgebrauch um Klauseln oder auch (Neben ) Abreden in Kreditverträgen. Es sind vertraglich bindende Zusicherungen des Kreditnehmers während der Laufzeit eines Kredites. Das in dem… …   Deutsch Wikipedia

  • Covenants — Provisions in a bond indenture or preferred stock agreement that require the bond or preferred stock issuer to take certain specified actions (affirmative covenants) or to refrain from taking certain specified actions (negative covenants). The… …   Financial and business terms

  • covenants for title — Covenants by the owner of property being disposed of, which relate to the title of that property, for the benefit of the new owner. Covenants for title are implied under the Law of Property (Miscellaneous Provisions) Act 1994, by using the key… …   Law dictionary

  • covenants, conditions, and restrictions — A set of rules, commonly called CC&Rs, that governs the use of real estate, usually enforced by a homeowners association. For example, CC&Rs may tell you how big your house can be, how you must landscape your yard, or whether you can have pets.… …   Law dictionary

  • covenants, conditions and restrictions — n.    commonly called CC and Rs, these are written rules, limitations and restrictions on use, mutually agreed to by all owners of homes in a subdivision or condominium complex. CC and Rs may limit size and placement of homes, exterior colors,… …   Law dictionary

  • Covenants — ➡ Covenanter * * * …   Universalium

  • covenants — cov·e·nant || kÊŒvÉ™nÉ™nt n. treaty; contract, formal agreement v. pledge, contract, formally agree …   English contemporary dictionary

  • Covenants —   Restrictions on the use of a property …   Energy terms

  • Financial Covenants — Covenants (deutsch: Kreditklauseln oder auch (Neben ) Abreden) sind vertragliche bindende Zusicherungen des Kreditnehmers während der Laufzeit eines Kreditvertrages. Sie entstammen der anglo amerikanischen Kreditvertragspraxis (siehe Syndizierung …   Deutsch Wikipedia

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