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What are bend facets and when are they used?
Affirmative Covenants
Clauses in a loan agreement that require the borrower to perform certain actions to maintain the terms of the loan.
Borrower Must
Requirements or conditions that a borrower is obliged to meet in order to qualify for a loan or maintain its good standing.
Agency Cost
Agency cost refers to the expenses incurred due to the conflict of interest between shareholders and management within a company.
Principals
Fundamental truths or propositions that serve as the foundation for a system of belief or behavior or for a chain of reasoning.
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