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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

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Never regard study as a duty, but as the enviable opportunity to learn to know the liberating influence of beauty in the realm of the spirit for your own personal joy and to the profit of the community to which your later work belongs. - Albert Einstein (1879-1955)

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