Advertising

Protective covenant

• A part of the indenture or loan agreement that limits certain actions a company takes during the term of the loan to protect the lender's interests.

 
 Embedded terms in definition
 Indenture
 
 Related Terms
 Affirmative covenant
Bond covenant
Negative covenant
Positive covenant of a bond
Protective put buying strategy

<< Protectionism Protective put buying strategy >>

"Green" Banking: Saving the Environment as You Save and Borrow Money: You're probably already recycling paper, glass and plastic. But did you know you also may be able to help save the environment as you do your banking? Here are options that may be available from your bank. More...

Peace cannot be kept by force. It can only be achieved by understanding. Albert Einstein

Advertising



Copyright 2009-2019 GVC. All rights reserved.