Examlex
A company has a debt covenant in place that limits the amount it can borrow to 50% of its tangible assets.If the company's actual value for that ratio is approaching violation of this debt covenant,consistent with PAT,management would try to relax the constraint by:
Enumerated Powers
Specific powers granted to the government or its branches through a constitution.
Legislation
Laws or acts passed by the governing body or legislature of a political entity.
Federal Government
The national government of a country, responsible for governing the nation as a whole.
Contract Clause
is a component of the U.S. Constitution that prevents states from enacting laws that retroactively impair contract rights.
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