Phrases with «debt covenants»

"Debt covenants" refer to a set of rules and conditions that borrowers must follow when they borrow money. These conditions are agreed upon between the lender and the borrower and are meant to protect the lender's interests. Failure to comply with these rules could result in consequences like higher interest rates or even the borrower being forced to repay the debt immediately. Full definition

Sentences with «debt covenants»

  • A loss of liquidity does far more damage than volatility in earnings results, unless there are debt covenant violations. (alephblog.com)
  • Additional reserves are occasionally required as part of debt covenants, especially regarding bonds or loans for school buildings. (educationnext.org)
  • Casella breached debt covenants in 2012 before inking a new, two - year refinancing deal in mid-2012. (afr.com)
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