- 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 in a bond document stating that the bond issuer (= person borrowing money by selling bonds) will or will not do something, for example borrow more than a particular amount of money: »
Bond covenants exist to protect bondholders.
Financial and business terms. 2012.
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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
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
bond covenant — Fin part of a bond contract whereby the lender promises not to do certain things, for example, borrow beyond a particular limit … The ultimate business dictionary
bond — Synonyms and related words: Fannie Mae, Federal Agency bond, Ginnie Mae, Oregon boat, Series E bond, Series H bond, accident insurance, accord, accouple, accumulate, actuary, addition, adherence, adhesion, adhesive, adjunct, adjustment bond,… … Moby Thesaurus
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 — 1 n 1 a: a usu. formal written agreement by which a person undertakes to perform a certain act (as appear in court or fulfill the obligations of a contract) or abstain from performing an act (as committing a crime) with the condition that failure … Law dictionary
bond — bond1 [bänd] n. [ME bond, band: see BAND1] 1. anything that binds, fastens, or restrains 2. [pl.] a) fetters; shackles b) Archaic imprisonment; captivity 3 … English World dictionary
bond — [n1] binder or fastener band, binding, chain, connection, cord, fastening, fetter, gunk, handcuff, hookup, irons, ligature, link, linkage, manacle, network, nexus, rope, shackle, stickum*, tie, tie in, wire; concept 497 bond [n2] association,… … New thesaurus
covenant — [n] pact, promise agreement, arrangement, bargain, bond, commitment, compact, concordat, contract, convention, deal, deed, dicker*, handshake*, papers, stipulation, transaction, treaty, trust; concept 684 Ant. disagreement covenant [v] agree… … New thesaurus
bond — I (New American Roget s College Thesaurus) n. union, connection, tie; accord, sympathy; guaranty, pledge; shackle. See relation, security, connection, restraint. II (Roget s IV) n. 1. [A physical tie; often plural ] Syn. shackle, linkage, chain;… … English dictionary for students