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  2. Default (finance) - Wikipedia

    en.wikipedia.org/wiki/Default_(finance)

    Technical default occurs when an affirmative or a negative covenant is violated. Affirmative covenants are clauses in debt contracts that require firms to maintain certain levels of capital or financial ratios. The most commonly violated restrictions in affirmative covenants are tangible net worth, working capital/short term liquidity, and debt ...

  3. Covenant (law) - Wikipedia

    en.wikipedia.org/wiki/Covenant_(law)

    A covenant is an agreement like a contract. A covenantor makes a promise to a covenantee to perform an action (affirmative covenant in the United States or positive covenant in England and Wales) or to refrain from an action (negative covenant). In real property law, the term real covenants means that conditions are tied to the ownership or use ...

  4. Loan covenant - Wikipedia

    en.wikipedia.org/wiki/Loan_covenant

    Covenants can be financial, information, ownership, affirmative, negative or positive covenants. Often, the breach of any covenant gives the lender the right to call the loan or collect interest at a higher rate.

  5. Accord and satisfaction - Wikipedia

    en.wikipedia.org/wiki/Accord_and_satisfaction

    Accord and satisfaction is a contract law concept about the purchase of the release from a debt obligation. It is one of the methods by which parties to a contract may terminate their agreement. The release is completed by the transfer of valuable consideration that must not be the actual performance of the obligation itself. [1]

  6. Cov-lite - Wikipedia

    en.wikipedia.org/wiki/Cov-lite

    Cov-lite (or "covenant light") is financial jargon for loan agreements that do not contain the usual protective covenants for the benefit of the lending party. Although traditionally banks have insisted on a wide range of covenants that allow them to intervene if the financial position of the borrower or the value of underlying assets deteriorates, around 2006 the increasing strength of ...

  7. 'Marriage is a covenant, not a contract' - AOL

    www.aol.com/news/marriage-covenant-not-contract...

    A strong foundation in a relationship or marriage must be built with God at the center parishioners were told at the Sunday morning worship service at Open Door Ministries.

  8. United States contract law - Wikipedia

    en.wikipedia.org/wiki/United_States_contract_law

    The Paul Armstrong Company et al, 263 NY 79 (1933) "In every contract there is an implied covenant that neither party shall do anything, which will have the effect of destroying or injuring the right of the other party, to receive the fruits of the contract, which means that in every contract there exists an implied covenant of good faith and ...

  9. Could changes be coming to Medicare, Medicaid with Dr. Oz ...

    www.aol.com/could-changes-coming-medicare...

    With President-elect Donald Trump's recent announcement of former surgeon-turned-TV host Dr. Mehmet Oz to lead the Centers for Medicare and Medicaid Services (CMS), questions are swirling about ...