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 FinanceFrom http://exitpromise.com 3856 days ago
Made Hot by: deanuk on November 4, 2013 6:11 pm
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