Examlex
Which of the following steps follows the recognition of a need?
Negative Covenants
Restrictions placed on a borrower by a lender, prohibiting certain actions or requiring specific behaviors to protect the lender’s interests.
Affirmative Covenants
Affirmative covenants are conditions set in financial agreements that require the borrower to perform certain actions, ensuring financial stability and protecting the lender's interests.
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.
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