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Positive covenant (of a bond)
| Глоссарий экономических терминов |
A bond covenant that specifies certain actions the firm must take. also called an affirmative covenant.
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Affirmative, английский
- A утвердительный | n ут- вердительная частица answer, proposition
- The positive sign or quantity in algebra; also signal flag or pendant by which a request or order is answered.
- A proword meaning “yes” or “what you said is correct” (cf. negative).
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Coupon bond, английский
- A bond featuring coupons that must be presented to the issuer in order to receive interest payments.
- Купонная облигация
Debt limitation, английский
A bond covenant that restricts the firm`s ability to incur additional indebtedness in some way.
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