Loan covenant
id:
loan-covenant-213-4741959
title:
Loan covenant
text:
A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or which possibly restricts certain activities to circumstances when other conditions are met. Typically, violation of a covenant may result in a default on the loan being declared, penalties being applied, or the loan being called. The legal provision in the loan agreement providing for the loan to be "called"
brand slug:
wiki
category slug:
encyclopedia
description:
Condition in a commercial loan or bond agreement
original url:
https://en.wikipedia.org/wiki/Loan_covenant
date created:
2007-01-29T08:11:19Z
date modified:
2024-09-12T10:13:11Z
main entity:
{"identifier":"Q1138039","url":"https://www.wikidata.org/entity/Q1138039"}
image:
fields total:
13
integrity:
15