loan covenant

  

Definition

Usually restrictive or negative covenant in a loan agreement that limits the borrower's (or a firm's management's) freedom to incur more debt, increase the salaries of executives, pay bonuses, etc.

Use loan covenant in a sentence

Related Videos




http://www.businessdictionary.com/definition/loan-covenant.html

Have a question about loan covenant? Ask for help in the
Community
advertise here

Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z