ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY

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COVENANT Definition

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COVENANT is a clause in a contract that requires one party to do, or refrain from doing, certain things. It is usually a restriction on a borrower imposed by a lender.

 

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RULE OF THUMB is a rough and useful principle or method, based on experience rather than precisely accurate measures.

JBO is Joint Back Office (stock trading).


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