Debt limitation

A bond covenant that restricts in some way the firm's ability to incur additional indebtedness. The New York Times Financial Glossary

Financial and business terms. 2012.

Look at other dictionaries:

  • Debt Limitation — A bond covenant that limits or restricts any additional debt that may be incurred by the issuer. Debt limitations look to protect the current lenders by maintaining the firm s degree of leverage. A debt limitation may take a variety of forms,… …   Investment dictionary

  • debt limitation — limitation of legal responsibility for a debt …   English contemporary dictionary

  • debt limitation — A bond covenant that restricts the firm s ability to incur additional indebtedness in some way. Bloomberg Financial Dictionary …   Financial and business terms

  • limitation — lim·i·ta·tion n 1 a: restriction a limitation on the rights of ownership b: a statement or stipulation in a deed or will placing limits on the disposition of an estate or interest esp. in regard to duration or heirs see also word …   Law dictionary

  • debt — A common law action for the recovery of a fixed and definite sum of money or for a sum of money which can be ascertained from fixed data by computation or is capable of being readily reduced to certainty. 1 Am J2d Actions § 20; that which is… …   Ballentine's law dictionary

  • debt — n [Old French dette, ultimately from Latin debita, plural of debitum debt, from neuter of debitus, past participle of debere to owe] 1: something owed: as a: a specific sum of money or a performance due another esp. by agreement (as a loan… …   Law dictionary

  • Debt evasion — is the intentional act of trying to avoid attempts by creditors to collect or pursue one s debt. At an elementary level, this includes the refusal to answer one s phone by screening one s calls or by ignoring mailed notices informing the debtor… …   Wikipedia

  • limitation of liability — limiˌtation of liaˈbility noun limitations of liability PLURALFORM [countable] LAW when someone is responsible for only part of a debt, loss etc: • In a recent case, it was held that the defendants limitation of liability was unreasonable and… …   Financial and business terms

  • LIMITATION OF ACTIONS — The Concept and its Substance In the talmudic period, Jewish law generally did not recognize the principle that the right to bring an action could be affected by the passage of time (i.e., extinctive prescription); in the post talmudic period, it …   Encyclopedia of Judaism

  • debt outstanding subject to limitation — obligations incurred by the Treasury subject to the statutory debt limit set by Congress. Until World War 1, a specific amount of debt was authorized for each separate security issue. Beginning with the Second Liberty Loan Act of 1917, the nature …   Financial and business terms

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