Positive covenant (of a bond)

A bond covenant that specifies certain actions the firm must take. Also called and affirmative covenant. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • positive covenant — (of a bond) A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant. Bloomberg Financial Dictionary …   Financial and business terms

  • Bond covenant — A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions. The New York Times Financial Glossary * * * bond covenant UK US noun [C] LAW, FINANCE ► a written promise… …   Financial and business terms

  • bond covenant — A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions. Bloomberg Financial Dictionary * * * bond covenant UK US noun [C] LAW, FINANCE ► a written promise in a… …   Financial and business terms

  • covenant — cov·e·nant / kə və nənt/ n 1: an official agreement or compact an international covenant on human rights 2 a: a contract in its entirety or a promise within a contract for the performance or nonperformance of a particular act a covenant not to… …   Law dictionary

  • Bond Covenant — A legally binding term of an agreement between a bond issuer and a bond holder. Bond covenants are designed to protect the interests of both parties. Negative or restrictive covenants forbid the issuer from undertaking certain activities;… …   Investment dictionary

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  • Affirmative Covenant — A type of promise or contract which requires a party to do something. For example, a bond covenant that provides that the issuer will maintain adequate levels of insurance or deliver audited financial statements is an affirmative covenant.… …   Investment dictionary

  • Judaism — /jooh dee iz euhm, day , deuh /, n. 1. the monotheistic religion of the Jews, having its ethical, ceremonial, and legal foundation in the precepts of the Old Testament and in the teachings and commentaries of the rabbis as found chiefly in the… …   Universalium

  • United States — a republic in the N Western Hemisphere comprising 48 conterminous states, the District of Columbia, and Alaska in North America, and Hawaii in the N Pacific. 267,954,767; conterminous United States, 3,022,387 sq. mi. (7,827,982 sq. km); with… …   Universalium

  • ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… …   Encyclopedia of Judaism

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