Negative pledge clause

Negative Pledge Clause
Investment Dictionary:
Negative Pledge Clause
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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 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 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
negative working capital
negative yield curve
neglected firm effect
negotiable
negotiable certificate of deposit
negotiable instrument
negotiable order of withdrawal
negotiated commission
negotiated underwriting ...

Negative Pledge Clause
Negative Volume Index - NVI
Negative working capital
Negative yield curve
Neglected Firm Effect
Negotiable
Negotiable bill of lading
Negotiable Certificate Of Deposit - NCD
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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, Bond covenant, Indenture, Expense, Negative covenant