What is the definition of Financial covenants? | Dictionary.net

FINANCIAL COVENANTS

\fa͡ɪnˈanʃə͡l kˈʌvənənts], \fa‍ɪnˈanʃə‍l kˈʌvənənts], \f_aɪ_n_ˈa_n_ʃ_əl k_ˈʌ_v_ə_n_ə_n_t_s]\

Definitions of FINANCIAL COVENANTS

1910 - Black's Law Dictionary (2nd edition)

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The conditions of a loan contract that lets management stay in limits of a firm's operations.The borrowing firm promises to adhere to the limits put before them in order to keep the bank in a stable financial status.

1910 - Black's Law Dictionary (2nd edition)
By Henry Campbell Black

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