Super Finance Glossary
Over 10,000 financial glossary terms...
Negative Pledge Clause
Negative Pledge Clause
Definition: 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.
Definition: 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.