Financial Covenants Definition

You are seeing definition of Financial Covenants in Accounting Terms Dictionary

Maybe this is not completely definition of Financial Covenants but this is the best definition of Financial Covenants at this time that we found. In future, this definition of Financial Covenants can be modified, please visit our Accounting Terms Dictionary more frequently to get latest information.

Home » Accounting Terms Dictionary » Finance Accounting Terms Dictionary » Financial Covenants

Definition Of Financial Covenants:

Part of the conditions of a loan agreement, these covenants are the promises by the management of the borrowing firm to adhere to certain limits in the firm's operations.
For example, not to allow certain balance sheet items or ratios to fall below or go over an agreed upon limit.

Other Definition Of Accounting Terms:

For your more easier in looking up our business terms dictionary, we classified definitions of business terms in several types. Please select one type below:
Tax Accounting | Management Accounting | Bond Accounting | Asset Accounting | Cash Accounting | Bank Accounting | All Types

Thank you for visiting Accounting Dictionary website. We are conituning to upadate more Accounting terms to Accounting Dictionary. Please visit this website usually to get new Accounting definitions. We also provide some more dictionaries, you can find out as below:
Medical Dictionary | Law Dictionary | Legal Dictionary | Business Dictionary | Financial Dictionary | Computer Dictionary | Slang Dictionary