A covenant in a bond agreement whereby the borrower agrees not to pledge any assets if such pledging would result in less security for the agreement's bondholders. also called covenant of equal coverage.
Related information about negative pledge clause:
- Negative Pledge Clause Definition | Investopedia
A negative covenant in an indenture stating that the corporation will not pledge any of its assets if doing so gives the lenders less security. Also be referred to as ...
- Negative Pledge Clause - Financial Dictionary - The Free Dictionary
Negative Pledge Clause. Also found in: Wikipedia, 0.02 sec. Negative pledge clause. A bond covenant that requires the borrower to grant lenders a lien ...
- Negative pledge clause Definition - NASDAQ.com
Negative pledge clause: read the definition of Negative pledge clause and 8000+ other financial and investing terms in the NASDAQ.com Financial Glossary.
- THE NEGATIVE PLEDGE CLAUSE - OpenArchive@CBS
The negative pledge clause has always been a clause of immense significance in ... where the inclusion of the negative pledge clause in the debenture ...
- What is negative pledge clause? definition and meaning
Definition of negative pledge clause: A covenant in a bond agreement whereby the borrower agrees not to pledge any assets if such pledging would result in ...
- secured transactions inside out - Cornell Law School
Bank, the EBRD, and the Negative Pledge Clause, 35 HARv. INT'L. LJ. 345, 348 ( 1994);. Jonathan Stone, The "Affirmative" Negative Pledge 1991 NEw ...
- Negative Pledge Clause: Definition from Answers.com
negative covenant or promise in an Indenture agreement that states the corporation will not pledge any of its assets if doing so would result in less security.
- negative pledge clause - Invest Definition
negative pledge clause definition: A restriction in a borrowing agreement that ... A negative pledge clause, a part of some debenture agreements, protects the ...