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单词 negative pledge
释义

Definition of negative pledge in English:

negative pledge

noun
Banking Finance

  • A clause in a borrowing agreement whereby the borrower undertakes not to incur new debts or to pledge assets elsewhere without the consent of the lender; more fully "negative pledge clause".

Origin

1930s; earliest use found in American Journal of International Law.

Definition of negative pledge in US English:

negative pledge

noun
Banking Finance

  • A clause in a borrowing agreement whereby the borrower undertakes not to incur new debts or to pledge assets elsewhere without the consent of the lender; more fully "negative pledge clause".

Origin

1930s; earliest use found in American Journal of International Law.
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更新时间：2024/11/11 6:44:21