Your browser does not seem to support JavaScript. As a result, your viewing experience will be diminished, and you have been placed in read-only mode.
Please download a browser that supports JavaScript, or enable it if it's disabled (i.e. NoScript).
A bond covenant is a legally binding term of an agreement between a bond issuer and a bondholder, designed to protect the interests of both parties.
a written promise in a bond document stating that the bond issuer (= person borrowing money by selling bonds) will or will not do something, for example borrow more than a particular amount of money:
Share your knowledge with the community
Browse our collection of 300,000+ community-written definitions
