Business / Finance / Cover: A set of conditions agreed to in a formal debt agreement and designed to protect the lender's interests. Covenants may include restrictions on debt/equity ratio, working capital, or dividend payments. See also management goals.

Other Words for Cover

Cover Noun Synonyms: protect, shelter, shield, screen, guard, defend, command
Cover Verb Synonyms: overlie, spread over, overspread, lie on, layer, coat, blanket

Covered Writer

Business / Finance / Covered Writer: A put option position in which the option writer also is short the corresponding stock or has deposited, in a cash account, cash or cash equivalents equal to the exercise of the option. This limits th MORE

Real Estate Recovery Fund

Business / Real Estate / Real Estate Recovery Fund: A fund established in some states from real estate license revenues to cover claims of aggrieved parties who have suffered monetary damage through the actions of a real estate licensee. MORE

Extended Coverage Policy

Business / Real Estate / Extended Coverage Policy: A title insurance policy that covers risks normally excluded by most standard coverage policies. The standard policy normally insures the title only as shown by the public records. It does not cover u MORE

Standard Coverage Policy

Business / Real Estate / Standard Coverage Policy: A standard coverage policy normally insures the title as it is known from the public records. In addition, the standard policy insures against such hidden defects as forged documents, conveyances by i MORE

Short Covering

Business / Finance / Short Covering: A bond payment covering less than six-months' interest, because the original issue date is less than six months from the first scheduled interest payment. A bond with a short time to maturity, usually MORE

Uncovered Put

Business / Finance / Uncovered Put: A short call option position in which the writer does not own shares of underlying stock represented by the option contracts. Uncovered calls are much riskier for the writer than a covered call, where MORE