SUNDRY CREDITORS Definition

Bookmark and Share

SUNDRY CREDITORS refers to companies or individuals to which money is owed.

Learn new Accounting Terms

SAB is Staff Accounting Bulletin.

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.

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.