|Negative pledge clause|
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Definition of Negative pledge clause
Negative pledge clause
A bond covenant that requires the borrower to grant lenders a lien equivalent to any
clause causing repayment of a debt, if specified events occur or are not met.
This clause in regular life insurance policy provides for voiding the contract of insurance for up to two years from the date of issue of the coverage if the life insured has failed to disclose important information or if there has been a misrepresentation of a material fact which would have prevented the coverage from being issued in the first place. After the end of two years from issue, a misrepresentation of smoking habits or age can still void or change the policy.
A clause in a contract providing for increases or decreases in inflation based on
Such a clause on a Euro loan permits the borrower to switch from one currency to
A loan repayment schedule in which the outstanding principal balance of the loan
Related: net financing cost
The cash flow from the operating activities of a business
A bond characteristic such that the price appreciation will be less than the price
A bond covenant that limits or prohibits altogether certain actions unless the bondholders agree.
A situation in which the price of the MBS moves in the same direction as interest rates.
A term used to describe a situation in which a business combination
Loan covenants designed to limit a corporate borrower's behavior
A provision in a bond indenture that restricts the issuer's future borrowing by
Generally, a suicide clause in a regular life insurance policy provides for voiding the contract of insurance if the life insured commits suicide within two years of the date of issue of the coverage.
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