ACCOUNTING TERMS - ACCOUNTING DICTIONARY - ACCOUNTING GLOSSARY
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NEGATIVE PLEDGE CLAUSE Definition
NEGATIVE PLEDGE CLAUSE is a covenant or promise in an indenture agreement that states the corporation will not pledge any of its assets if doing so would result in less security to the debt holders covered under the indenture agreement. Also called covenant of equal coverage.
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SURCHARGE is a charge added on top of another charge for a specific service, product or purpose.
CONTRIBUTED CAPITAL see PAID-IN-CAPITAL.