Home > Term: negative pledge clause
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.
- Szófaj: noun
- Ipar/Tárgykör: Financial services
- Kategória: General Finance
- Company: Bloomberg
0
Szerzőb
- Jessehe
-
(V.I.P) 32013 points - 40.13% positive feedback
