Covenant — A covenant is a solemn agreement to engage in or refrain from a specified action. It is commonly found in religious contexts, where it refers to sacred agreements between a god and human beings. It may also refer to: Contents 1 Religion 2 Law and … Wikipedia
covenant-lite — USA A type of loan facility which has less financial covenant restrictions than is ordinarily required. Covenant lite loan facilities take various forms but may be broadly characterized as senior syndicated leveraged loan facilities with the… … Law dictionary
covenant — cov·e·nant / kə və nənt/ n 1: an official agreement or compact an international covenant on human rights 2 a: a contract in its entirety or a promise within a contract for the performance or nonperformance of a particular act a covenant not to… … Law dictionary
covenant — An agreed action to be undertaken ( Positive) or not done ( Negative). A breach of a covenant is a default. Bloomberg Financial Dictionary A stipulation in a loan agreement which restricts the borrower s freedom of action while the loan is… … Financial and business terms
covenant — 1) A promise made in a deed, which may or may not be under seal. Such a promise can be enforced by the parties to it as a contract, even if the promise is gratuitous: for example, if A covenants to pay B £100 per month, B can enforce this promise … Accounting dictionary
Covenant-Lite Loans — A type of loan whereby financing is given with limited restrictions on the debt service capabilities of the borrower. The issuance of covenant lite loans means that debt is being issued, both personally and commercially, to borrowers with less… … Investment dictionary
covenant — 1) A promise made in a deed, which may or may not be under seal. Such a promise can be enforced by the parties to it as a contract, even if the promise is gratuitous: for example, if A covenants to pay B £100 per month, B can enforce this promise … Big dictionary of business and management
covenant running with land — A covenant which goes with the land, as being annexed to the estate, and which cannot be separated from the land, and transferred without it. A covenant is said to run with the land, when not only the original parties or their representatives,… … Black's law dictionary
covenant running with land — A covenant which goes with the land, as being annexed to the estate, and which cannot be separated from the land, and transferred without it. A covenant is said to run with the land, when not only the original parties or their representatives,… … Black's law dictionary
non-ratio covenant — A form of covenant in a loan agreement that includes conditions relating to the payment of dividends, the granting of guarantees, disposal of assets, change of ownership, and a negative pledge. Breaching such a covenant will usually empower the… … Accounting dictionary
