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What are Passive Investing and Passive Investors? Passive investing and passive investors are ones who opt to ride the market out over the long ter...
When a bond is secured, it means it's protected, i.e. there are assets that would be forfeited if repayment is not made. When it's unsecured... it'...
Power of attorney refers to the authorization to conduct business on legal and financial matters on behalf of another party. So...choose wisely.
Finance: What is a debt covenant? 4 Views
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What is a debt covenant? Covenants are added clauses to a loan agreement that are dictated by the lender that the borrower has to agree to in order to close a loan transaction. Covenants can include, but are not limited to, items like requiring adequate insurance coverage, keeping debt ratios under a specific number, compliance with local zoning laws, and a host of other circumstances unique to the transaction that the lender may perceive as potentially detrimental to the borrower’s ability to service the loan.
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