| 释义 |
bond covenant
noun[ C ]
LAW, FINANCEukus
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.
Examples of bond covenant
bond covenant
And its cumulative cash operating losses have exceeded bondcovenant limits.
From Dallas Morning News
A credit event is financial industry jargon for default on payment, breach of bond covenants or other event that casts doubt on an issuer's ability to service its debt.
From Reuters
These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors.
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