Banks include loan covenants in their loan agreements to preserve their position as lender and to improve the likelihood the loan will be paid back by the borrower on time and in full. A covenant is simply a fancy term for the word ‘promise.’
Loan Covenants: The Three Types of Promises
Posted by
Exit Promise under Finance
From http://exitpromise.com 4035 days ago
Made Hot by: deanuk on November 4, 2013 6:11 pm
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