financial covenants
Definition
Part of the conditions of a loan agreement, these covenants are the promises by the management of the borrowing firm to adhere to certain limits in the firm's operations. For example, not to allow certain balance sheet items or ratios to fall below or go over an agreed upon limit.
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financial covenants is in the Accounting & Auditing and Banking, Commerce & Finance subjects.
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http://www.businessdictionary.com/definition/financial-covenants.html







