Negative Pledge Clause
Investment Dictionary:
Negative Pledge Clause
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A clause in a bond agreement, which prevents a borrower from pledging assets to other lenders if by so doing bondholders' security would be diminished. A negative pledge prevents the borrower from issuing other bonds if they have the effect of ...
Negative Pledge
Definition: [crh] An agreement in which the borrower agrees not to pledge any of its assets as security and/or not to incur further indebtedness.
Negative pledge clause
A bond covenant that requires the borrower to grant lenders a lien equivalent to any
liens that may be granted in the future to any other currently unsecured lenders.
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negative pledge
A document or a provision in a document in which a borrower agrees not to give any creditor a security interest in identified property owned by the borrower.
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Negative Pledge: A covenant whereby a borrower and/or guarantor will undertake not to create or allow creation of encumbrances on its assets. Negative pledges typically are subject to numerous negotiated exceptions.
Negative Pledge Clause
A negative covenant in an indenture stating that the corporation will not pledge any of its assets if doing so gives the lenders less security. Also be referred to as a "covenant of equal coverage".
Negative Pledge
Negative Pledge Clause
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Negative Pledge An agreement in which the borrower agrees not to pledge any of its assets as security and/or not to incur further indebtedness.
negative pledge clause A covenant in a bond agreement whereby the borrower agrees not to pledge any... Negative Sloping Triagle With descending triangles, trend lines converge with a horizontal trend line...
negative pledge clause
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A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.
Negative pledge clause ...
 See also: Negative pledge clause, Bond covenant, Indenture, Expense, Negative covenant
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