| 单词 | debt covenant |
| 释义 | debt covenant in Finance (dɛt kʌvənənt) Word forms: (regular plural) debt covenants noun (Finance: Banking, Credit) A debt covenant is a number of restrictions that a borrower agrees to that are set by the lending institution. SIMILAR WORDS: banking covenant The credit quality of a loan may be affected by a borrower's failure to comply withdebt covenant terms. A positive debt covenant is one in which the borrower is considered to be in default on all debts if theyare in default on any debt to any lender. A debt covenant is a number of restrictions that a borrower agrees to that are set by the lendinginstitution. |
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