covenant


Definition
A clause in a contract that requires one party to do, or refrain from doing, certain things. Often, a restriction on a borrower imposed by a lender. also called covenant. also called restrictive covenant.


Related Terms

acceleration clause -  More

negative pledge clause -  More

rate covenant -  More

Related Personal Finance Articles

Loading...

covenant in the news

Loading...


Enter your email address to get our free Term of the Day newsletter!

covenant is ...

... part of the Law & Estate Planning and Lending & Credit subjects.

Search volume for covenant

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