Cambridge Dictionaries online Cambridge Dictionaries online

The most popular online dictionary and thesaurus for learners of English

  

English definition of “bond covenant”

bond covenant

noun [C]     LAW, FINANCE
a written promise in a bond document stating that the bond issuer (= person borrowing money by selling bonds) will or will not do something, for example borrow more than a particular amount of money: Bond covenants exist to protect bondholders.
(Definition of bond covenant noun from the Cambridge Business English Dictionary © Cambridge University Press)
Focus on the pronunciation of bond covenant

Word of the Day

work out

to exercise in order to improve the strength or appearance of your body

Word of the Day

Blog

Read our blog about how the English language behaves.

Learn More

New Words

Find words and meanings that have just started to be used in English, and let us know what you think of them.

Learn More