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A loan covenant is a condition in a commercial loan or bond issue that requires the borrower to fulfill certain conditions or which forbids the borrower from undertaking certain actions, or which possibly restricts certain activities to circumstances when other conditions are met.
Assumpsit ("he has undertaken", from Latin, assumere), [1] or more fully, action in assumpsit, was a form of action at common law used to enforce what are now called obligations arising in tort and contract; and in some common law jurisdictions, unjust enrichment.
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 ...
Dialogic Eliminates Debt-Related Covenants Through 2013 Secures additional $4.5 million debt financing MILPITAS, Calif.--(BUSINESS WIRE)-- Dialogic Inc. (NAS: DLGC) , the Network Fuel™ company ...
Glanvill described one action which had features of both debt and detinue. They were the same. In his time, the form of the writ was a demand for a sum of money which could be issued for various reasons. "Debt" or detinue could be demanded for return of the loan of money, the price of sale, the loan of a chattel, letting to hire, or a deposit.
The debt service coverage ratio (DSCR), also known as "debt coverage ratio" (DCR), is a financial metric used to assess an entity's ability to generate enough cash to cover its debt service obligations, such as interest, principal, and lease payments. The DSCR is calculated by dividing the operating income by the total amount of debt service due.
Here’s what the debt picture looks like across a few key borrowing categories. Credit cards. The average amount of credit card debt per consumer in the U.S. in 2023 was $6,501, according to ...
The list of terms and conditions will be a preliminary term sheet describing the pricing, structure, collateral, covenants, and other terms of the credit (covenants are usually negotiated in detail after the arranger receives investor feedback).