Financial Definition of Asset-Coverage Test
Meaning of Asset-Coverage Test
A bond indenture restriction that permits additional borrowing on if the ratio of assets to debt does not fall below a specified minimum.
Related Entries of Asset-Coverage Test in the Encyclopedia of Law Project
Browse or run a search for Asset-Coverage Test in the American Encyclopedia of Law, the Asian Encyclopedia of Law, the European Encyclopedia of Law, the UK Encyclopedia of Law or the Latin American and Spanish Encyclopedia of Law.
Asset-Coverage Test in Historical Law
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Legal Abbreviations and Acronyms
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| Asset-Coverage Test in the Dictionary | Asset-Coverage Test in our legal dictionaries |
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| Related topics | Asset-Coverage Test in the World Encyclopedia of Law |
What is Asset-Coverage Test?
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