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Identify/define and explain the significance of the following: John Wilkes.
Covenants Restricting
Clauses in loan agreements that impose limits on the actions of the borrower to protect the interests of the lender.
Dividend Payments
Distributions of a portion of a company's earnings, decided by the board of directors, to a class of its shareholders.
Principal and Interest
The two components of a loan payment; principal is the original amount borrowed, and interest is the charge for borrowing the principal.
Renegotiate Covenants
The act of revising the terms of a loan or bond agreement, often to relax or tighten restrictions on the borrower.
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