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Negative covenant

• A bond covenant that limits or prohibits altogether certain actions unless the bondholders agree.

 
 Embedded terms in definition
 Bond covenant
Bond
 
 Related Terms
 Affirmative covenant
Bond covenant
Negative amortization
Negative carry
Negative convexity
Negative duration
Negative leverage
Negative pledge clause
Negative yield curve
Positive covenant of a bond
Protective covenant

<< Negative convexity Negative duration >>

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