The downgrade is attributed to a high amount of junk bonds being issued, ones with strict covenants that are easier to default.On June 23, 2016, Hennepin County, Minnesota, issued a municipal bond to help finance a part of the ambulatory outpatient specialty center at the county's medical center.Additionally, the rating agency gave the county's outstanding Hennepin County Regional Railroad Authority limited tax general obligation bonds an AAA rating for the same reasons, including the fact that the county can pay the debt using ad valorem taxes on all taxable property. Why not have a go at them together. All our dictionaries are bidirectional, meaning that you can look up words in both languages at the same time.Do you want to translate into other languages? They can be financial or operational in nature.
Lexikon Online ᐅFinancial Covenants: Sammelbegriff für zusätzliche Vertragsklauseln oder Nebenabreden in Kredit- und Anleiheverträgen mit Unternehmen. Covenants in finance most often relate to terms in a financial contract, such as a loan document or bond issue stating the limits at which the borrower can further lend.Covenants are often put in place by lenders to protect themselves from borrowers defaulting on their obligations due to financial actions detrimental to themselves or the business.Covenants are most often represented in terms of financial ratios that must be maintained, such as a maximum debt-to-asset ratio or other such ratios. Qu'est-ce que Covenant : c'est un mot anglais (emprunté au français) qui signifie convention. Utilisez le dictionnaire Anglais-Français de Reverso pour traduire covenants - in finance et beaucoup d’autres mots. Covenants can cover everything from minimum dividend payments to levels that must be maintained in working capital to key employees remaining with the firm.Once a covenant is broken, the lender typically has the right to call back the obligation from the borrower. All rights reserved.Dictionnaire Collaboratif Anglais-Français.La variante orthographique avec tiret existe également. Or learning new words is more your thing? For instance, most loan agreements require a ratio of total debt to a certain measure of earnings not to exceed a maximum amount, which ensures that a company does not burden itself with more debt than it can afford to service.A bond violation is a breach of the terms of the covenants of a bond. In addition, there is no affiliate transaction covenant.The first example would be a negative covenant in that it restricts the tax levy to a maximum of 105% of the debt service. No limitations will be placed on Corestate to restrict distributions from its subsidiaries. : L'entente et la convention en question sont renouvelables. Covenants are most common in lending agreements and bond indentures. De très nombreux exemples de phrases traduites contenant "covenant financier" – Dictionnaire anglais-français et moteur de recherche de traductions anglaises. Generally, there are two types of covenants included in loan agreements: affirmative covenants and negative covenants.An affirmative or positive covenant is a clause in a loan contract that requires a borrower to perform specific actions. : Une image de l' Alliance décrit ce qu'éprouvent certains d'entre nous. Operational covenants often require borrowers to maintain their physical assets to certain standards, meet minimum disclosure requirements, engage only in permissible business lines, or maintain a certain level of insurance.
The second example is an affirmative covenant that allows for no limitations on distributions.The offers that appear in this table are from partnerships from which Investopedia receives compensation.A bond covenant is a legally binding term of an agreement between a bond issuer and a bondholder, designed to protect the interests of both parties.A negative covenant is a bond covenant preventing certain activities, unless agreed to by the bondholders.A restrictive covenant is an agreement that requires the buyer to either perform or abstain from a specific action.An affirmative covenant is a type of promise or contract that requires a party adhere to certain terms.Cross default is a provision in a bond indenture or loan agreement that puts the borrower in default if the borrower defaults on another obligation.Debt limitation is a bond covenant that limits additional debt which may be incurred by the issuer, with a goal of protecting current lenders.Covenants exist in financial contracts, such as bond issues, that set out certain activities that will or will not be carried out.Covenants are legally binding clauses, and if breached will trigger compensatory or other legal action.Covenants that allow certain activities are called affirmative, while those that restrict are classified as negative covenants.