单词 | loan covenant |
释义 | loan covenant A loan covenant breach almost always requires refinancing or a sale. Times, Sunday Times A big loan covenant was breached as the oil price plummeted from $140 a barrel to $33 in six months. Times, Sunday Times A plunge in the oil price triggered a loan covenant, giving the banks an excuse to pounce. Times, Sunday Times Currently the pubcos cannot change lease terms because of loan covenants. Times, Sunday Times Keep in mind that many loan covenants are based on the results of key debt ratios. Christianity Today |
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