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BOND COVENANT Definition

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BOND COVENANT are agreements within a bond that can either be negative or positive in the view of the bondholder, e.g., a negative bond covenant is a bond covenant that prevents certain activities unless agreed to by the bondholders.

 

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HEALTHY, from a corporate perspective, usually means that the subject entity is financially secure, positioned well within the market and functioning well.

FIELD TRIAL is a test of the performance of a new product under the conditions under which it is intended be used.


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