| 单词 | bond covenant |
| 释义 | bond covenant noun[C] LAW,FINANCEukusa writtenpromisein abonddocumentstatingthat thebondissuer(=personborrowingmoneybysellingbonds)will or will not do something, forexampleborrowmore than aparticularamountofmoney: Bondcovenantsexisttoprotectbondholders. Examplesofbond covenantbond covenant And its cumulative cash operating losses have exceededbondcovenantlimits. FromDallas Morning News A credit event is financial industry jargon for default on payment, breach of bond covenants or other event that casts doubt on an issuer's ability to service its debt. FromReuters These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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