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Fundamental
Covenants
Debt contract clauses restricting borrower actions
Definition
Covenants are contractual clauses in debt agreements that restrict borrower behavior to protect lender interests. Common covenants include debt-to-equity limits, minimum liquidity requirements, and restrictions on additional borrowing or dividend payments.
Related Topics
#debt agreements
#lender protection
#restrictions
#financial covenants
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Category: Fundamental
Fundamental analysis examines a company's financial health, management quality, and market position to determine intrinsic value.
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