A type of positive contract or promise that will require one party to do something specific, such as a bond covenant that states that the issuer of that bond shall maintain sufficient or adequate levels of insurance or will deliver audited financial statements. Can be compared with negative or restrictive covenants that require a party not to do something.
Related information about affirmative covenant:
- Affirmative Covenant Definition | Investopedia
A type of promise or contract which requires a party to do something. For example, a bond covenant that provides that the issuer will maintain adequate levels of ...
- affirmative covenant (property law) -- Britannica Online Encyclopedia
Covenants are used in contemporary land development for a wide variety of purposes. They include affirmative covenants, which require the landowner to make ...
- Covenant (law) - Wikipedia, the free encyclopedia
An affirmative covenant is one in which property owners must actively perform a specific activity, such as keeping the lawn tidy or paying homeowner's ...
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Encyclopedia. Wikipedia encyclopedia ? Affirmative Covenant. 0.01 sec. Affirmative covenant. A bond covenant that specifies certain actions the firm must take.
- Affirmative Covenant: Definition from Answers.com
Affirmative Covenant A type of promise or contract which requires a party to do something. For example, a bond covenant that provides that the issuer will.
- What is affirmative covenant? definition and meaning
Definition of affirmative covenant: A type of positive contract or promise that will require one party to do something specific, such as a bond covenant that states ...
- Legal Definition of Covenant
An affirmative covenant is one by which the covenantor binds himself that something has already been done or shall be performed hereafter. Such a covenant ...
- Affirmative covenant
Financial dictionary: Affirmative covenant. ... Also called an affirmative covenant. Negative covenant. A bond covenant that limits or prohibits altogether certain ...