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seraphel seraphel
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A month ago
The purpose of a covenant is

▸ to protect the borrower in the event of default by the lender.

▸ to protect the borrower in the event of increasing product market competition.

▸ to protect the borrower in the event of a deterioration of the credit quality of the lender.

▸ to protect the lender in the event of default by the borrower.
Textbook 
Corporate Finance

Corporate Finance


Edition: 5th
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rotatorrorotatorro
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A month ago
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seraphel Author
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Smart ... Thanks!
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