WHITE KNIGHT Definition

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WHITE KNIGHT is an entity that comes to the rescue of a corporation that is being taken over.

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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.

RETROSPECTIVE is to be concerned with or related to the past, e.g. managements review of the prior years performance.

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