LOAN COVENANT is a legally enforceable promise or restriction in a mortgage. For example, the borrower may covenant to keep the property in good repair and adequately insured against fire and other casualties. A breach of covenant in a mortgage usually creates a default, defined by the mortgage, and can be the basis for foreclosure.
BOND INDENTURE is the title specifying all the obligations of the issuing company to the bondholder.
PR is an acronym for, among others, public relations, payroll and purchase request.
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