negative pledge
Banking and Finance
noun
A clause in a borrowing agreement whereby the borrower undertakes not to incur new debts or to pledge assets elsewhere without the consent of the lender; more fully negative pledge clause.
Origin
1930s; earliest use found in American Journal of International Law.
- unquantified
- unquarrelsome
- unquarried
- unquartered
- unquashed
- unqueen
- unqueenlike
- unqueenly
- unquelled
- unquenchable
- unquenchably
- unquenched
- unquestionability
- unquestionable
- unquestionableness
- unquestionably
- unquestioned
- unquestioning
- unquestioningly
- unquibble
- unquibbled
- unquick
- unquickened
- unquiescent
- unquiet