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negation
negative
negative carry
negative covenant
negative divergence
negative equity
negative feedback
negative income tax
negative pledge clause
negative reinforcement
negative royale
negative soul
negative staining
negative transfer
negative yield curve
negatively
negativism
Also available:
World English Dictionary
Dictionnaire Français
negative pledge clause
neg·a·tive pledge clause
(
plural
neg·a·tive pledge clauses
)
noun
Definition:
finance
bond covenant allowing lien grant:
a provision in a bond agreement under which the borrower agrees not to allow an exclusive lien on any assets
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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