non-ratio covenant

Related Overviews


'non-ratio covenant' can also refer to...


More Like This

Show all results sharing this subject:

  • Accounting


Show Summary Details

Quick Reference

A form of covenant in a loan agreement that includes conditions relating to the payment of dividends, the granting of guarantees, disposal of assets, change of ownership, and a negative pledge. Breaching such a covenant will usually empower the lender to request repayment of any of the loan then outstanding, and the loan then becomes null and void. Compare ratio covenant.

Subjects: Accounting.

Reference entries

Users without a subscription are not able to see the full content. Please, subscribe or login to access all content.