Negative Pledge Clause

Financial Definition of Negative Pledge Clause

Meaning of Negative Pledge Clause

A bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders.

Related Entries of Negative Pledge Clause in the Encyclopedia of Law Project

Browse or run a search for Negative Pledge Clause 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.

Negative Pledge Clause in Historical Law

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Legal Abbreviations and Acronyms

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