Bond Covenant

Business / Finance / Bond Covenant: A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.

Other Words for Bond

Bond Noun Synonyms: tie(s), shackles, chains, fetters, manacles, handcuffs, trammels, thongs, cord(s), rope(s), restraint(s), constraint(s), check(s), control(s), rein(s)
Bond Verb Synonyms: cement, bind, hold together, stick, cohere
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Positive Covenant (Of A Bond)

Business / Finance / Positive Covenant (Of A Bond): A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant. MORE

Negative Covenant

Business / Finance / Negative Covenant: A bond covenant that limits or prohibits certain actions unless the bondholders agree. MORE

Affirmative Covenant

Business / Finance / Affirmative Covenant: A bond covenant that specifies certain actions the firm must take. MORE

Performance Bond

Business / Construction / Performance Bond: An amount of money (usually 10% of the total price of a job) that a contractor must put on deposit with a governmental agency as an insurance policy that guarantees the contractors' proper and timely MORE

Par Bond

Business / Finance / Par Bond: A bond trading at its face value. MORE

Passive Bond

Business / Finance / Passive Bond: A bond without any interest yield. MORE

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