契约的中文解释
指承诺进行某种活动或避免某些情况发生的正式协议。在债务契约上,违约可能意味着整批债券即时到期。契约条件各式各样,包括对诸如股息支付、负债水平及流动资金额等各方面的要求。
Covenant的英文解释
A promise in a
formalagreement that some activity will or will not be carried out. In a debt
agreement a
breach of
covenant may mean that the whole debt is immediately due. Covenants can cover issues as
varied as
dividend payments, gearing ratios or the
amount of
working capital.