Die Heuning Pot Literature Guide
© 2014 Shmoop University, Inc. All rights reserved.
 

Finance Glossary

Just call us Bond. Amortized bond.

Over 700 finance terms, Shmooped to perfection.

Covenants

Definition:

Nuns hang out there. Oh, wait. That's different. A covenant is just a promise - usually a security is backed by a series of covenants or guarantees from the issuer.

Advertisement
back to top