What Is a "Covenant

question 70

Multiple Choice

What is a "covenant"?

• A)Guarantee of the price to the borrower.
• B)Contract that outlines the terms of the borrowing agreement.
• C)Promise from the borrower to restrict certain activities.
• D)Feature that permits the issuer to redeem before maturity.

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Definitions:

Washing

A critique often attached to terms like "greenwashing" or "whitewashing," implying superficial commitments or efforts by organizations to seem more socially responsible or inclusive than they are.

Environmental Commitment

A pledge or policy adopted by individuals, organizations, or governments to act in ways that protect the environment and promote sustainability.

BP

Typically known as British Petroleum, a multinational oil and gas company headquartered in London, England.