Topical Terminology > Negative Pledge Clause
Negative Pledge Clause
For Negative Pledge Clause we have terms and definitions in 2 topics. The topics are Accounting and Finance.
Negative Pledge Clause (Accounting) 
is a covenant or promise in an indenture agreement that states the corporation will not pledge any of its assets if doing so would result in less security to the debt holders covered under the indenture agreement. Also called covenant of equal coverage.
See more Accounting Terms ...
Negative Pledge Clause (Finance)
A bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders.
See more Finance Terms ...
Similar
Browse words that start with:
Browse All Terms by First Letter
Term Search
Looking for more topical resources?
> Feeds
> General Reference
> News Video
> Recipes
> Podcasts
> Tags
We currently have 172,616 terms and definitions across 1,105 topics.
This work is licensed under Creative Commons.
Design by NOWdesign
