Covenant

Business / Real Estate / Covenant: A written agreement between two or more parties in which a party or parties pledge to perform or not perform specified acts with regard to property, usually found in such real estate documents as deeds, mortgages, leases and contracts for deed.

Covenant Against Encumbrances

Business / Real Estate / Covenant Against Encumbrances: The grantor warrants that the property is free from liens or encumbrances, except for any specifically stated in the deed. Encumbrances generally include mortgages, mechanics liens and easements. If t 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

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

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. MORE

Covenant Of Warranty Forever

Business / Real Estate / Covenant Of Warranty Forever: The grantor promises to compensate the grantee for the loss sustained if the title fails at any time in the future. These covenants in a general warranty deed are not limited to matters that occurred MORE

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