Bond covenants,”Found in the bond indenture.Two types:Affirmative: describes what the company pledges itself to do (i.e. pay taxes on time, maintain a minimum debt ratio, etc.).Negative: describes what the company pledges itself NOT to do (i.e. not sell off certain assets, not pay out large dividends

Bond covenants,”Found in the bond indenture.Two types:Affirmative: describes what the company pledges itself to do (i.e. pay taxes on time, maintain a minimum debt ratio, etc.).Negative: describes what the company pledges itself NOT to do (i.e. not sell off certain assets, not pay out large dividends

etc.)”