Contrary to Positive Bond Covenant, Negative Covenants Are Most Likely

question 28

Multiple Choice

Contrary to positive bond covenant, negative covenants are most likely:

• A) costlier.
• B) legally enforceable.
• C) enacted at time of issue.

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Definitions:

Free Flow

A concept often related to logistics or operations management, referring to the movement of goods, services, or information without hindrance or delay.

Borders

The boundaries or limits of a geographical area, or metaphorically, the limits within which an organization or policy may operate.

Switzerland

A landlocked country in Central Europe known for its mountains, watches, neutrality, and high quality of life.

Electronic Commerce

The activities that use electronic communication in the inventory, promotion, distribution, purchase, and exchange of products and services. Also called e-commerce.