Definition of Positive covenant - Finance dictionary
Positive covenant((See Chapter 22 of the Vernimmen))
Positive covenants are a borrower’s commitments to comply with certain capital structure or earnings ratios, to adopt a given legal structure or even to restructure. Positive covenants are also called affirmative covenants.
Positive covenant((See Chapter 22 of the Vernimmen))
Positive covenants are a borrower’s commitments to comply with certain capital structure or earnings ratios, to adopt a given legal structure or even to restructure. Positive covenants are also called affirmative covenants.
Positive covenant((See Chapter 22 of the Vernimmen))
Positive covenants are a borrower’s commitments to comply with certain capital structure or earnings ratios, to adopt a given legal structure or even to restructure. Positive covenants are also called affirmative covenants.