Affirmative covenant

Affirmative Covenant
Affirmative Covenant definition :
A bond covenant that specifiescertain actions the firm must take.
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Affirmative covenant
A bond covenant that specifies certain actions the firm must take. ...

Business Definition for: affirmative covenant
Dictionary of Banking Terms
affirmative covenant ...

AFFIRMATIVE COVENANT - A provision in the lender's documents that requires the borrower to do something...
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Affirmative Covenant. A covenant on a bond, loan, or mortgage that requires the debtor to perform certain actions.

Covenants Provisions in a bond indenture or preferred stock agreement that require the bond or preferred stock issuer to take certain specified actions (affirmative covenants) or to refrain from taking certain specified actions (negative ...

Also called and affirmative covenant. Positive float See:float. Possessions corporation A type of corporation permitted under the U.S. tax code whereby a branch operation in a U.S.

Also called an affirmative covenant. Positive float See: Float Positive obligation A New York Stock Exchange rule that governs the behavior of specialists.

Affirmative covenants detail positive actions that a company intends to perform, including obeying all laws, maintaining corporate existence, and providing specific financial information to investors.

Affirmative covenants mandate positive actions that a company will perform, such as providing specific financial information to investors.

A bond covenant that specifies certain actions the firm must take. Also called
and affirmative covenant.
Precautionary demand (for money)
The need to meet unexpected or extraordinary contingencies with a
buffer stock of cash.

A loan covenant is an undertaking by the borrower to perform certain acts (affirmative covenant), such as providing timely financial statements to the lender, or to refrain from certain acts (negative covenant), ...

Also called an affirmative covenant. Position diagram Diagram showing the possible payoffs from a derivative investment. Positive float See: float. Possessions corporation A type of corporation permitted under the U.S.

An individual who possesses enough influence and control in a corporation as to be able to alter the actions of the corporation.
Affirmative covenant
A bond covenant that specifies certain actions the firm must take.
Affordability index ...

The restrictions imposed on the borrower (management) that are part of the terms and conditions of the lending or bond agreement are called covenants. Covenants deal with limitations and restrictions on the borrower's activities. Affirmative ...

See also: Bond covenant, Funding, Coupon payments, Refunding, Tranche