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Definition of negative covenant in English English dictionary
- A bond covenant that limits or prohibits certain actions unless the bondholders agree
- A promise not to do certain things
- A bond covenant that limits or prohibits altogether certain actions unless the bondholders agree
negative covenant
Hyphenation
neg·a·tive cov·e·nantTurkish pronunciation
negıtîv kʌvınıntPronunciation
/ˈnegətəv ˈkəvənənt/ /ˈnɛɡətɪv ˈkʌvənənt/
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