Business / Finance / Bond Covenant: A contractual provision in a bond indenture. A positive covenant requires certain actions, and a negative covenant limits certain actions.
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Bond Verb Synonyms: cement, bind, hold together, stick, cohere
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)
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Business / Finance / Positive Covenant (Of A Bond): A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant. MORE
Business / Finance / Negative Covenant: A bond covenant that limits or prohibits certain actions unless the bondholders agree. MORE
Business / Finance / Affirmative Covenant: A bond covenant that specifies certain actions the firm must take. MORE
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
Business / Finance / Passive Bond: A bond without any interest yield. MORE