Resource title

Restrictive Covenants

Resource image

image for OpenScout resource :: Restrictive Covenants

Resource description

Creditors use protective covenants in bond indentures to protect their interests by restricting certain activities of the issuer that could endanger the creditor's position. Similarly, banks employ loan covenants to ensure that the borrower uses the funds for the stated purpose.

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Resource publisher

Resource publish date

Resource language

en

Resource content type

text/html

Resource resource URL

http://www.referenceforbusiness.com/encyclopedia/Res-Sec/Restrictive-Covenants.html

Resource license

Copyright © 2011 Advameg, Inc.