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Negative pledge clause
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Negative pledge clauseA bond covenant that requires the borrower to grant lenders a lien equivalent to any liens that may be granted in the future to any other currently unsecured lenders.
RELATED TERMS--------------------------------------
Bond
Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder.
Covenant
An agreed action to be undertaken (Positive) or not done (Negative). A breach of a covenant is a default.
Grant
Is the process of initially selling or writing an option.
Lien
A claim or charge placed against property of another, such as a mortgage, deed of trust or judgment.
Future
Contracts covering the sale of financial instruments or physical commodities for future delivery on a commodity exchange.
SIMILAR TERMS--------------------------------------
Negative amortization
A loan repayment schedule in which the outstanding principal balance of the loan increases, rather than amortizing, because the scheduled monthly payments do not cover the full amount required to amortize the loan.
Negative carry
A situation in which the cost of financing a securities or financial futures position exceeds the yield earned.
Negative cash flow
Occurs when spending in a business is greater than earnings.
Negative convexity
A bond characteristic such that the price appreciation will be less than the price depreciation for a large change in yield of a given number of basis points.
Negative covenant
A bond covenant that limits or prohibits certain actions unless the bondholders agree.
Negative duration
Occurs when the price of an MBS moves in the same direction as interest rates.
Negative equity
A situation where the purchaser of a property has taken out a mortgage and some time after the purchase, the value of the property falls below the mortgage amount.
Negative goodwill
A gain occurring when the price paid for an acquisition is less than the fair value of its net assets.
Negative income tax
A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.
Negative NPV tie-in project
A negative-NPV infrastructure development project that a local government requires of a company engaged in a positive NPV investment project elsewhere in the country.
Negative obligation
A New York Stock Exchange rule that governs the behavior of specialists. Negative obligation is the mandate of the specialists not trade for the specialist's firm's own account when enough public investor orders exist to match up naturally, without intervention.
Negative pledge
An agreement in which the borrower agrees not to pledge any of its assets as security and-or not to incur further indebtedness.
Negative volume index
An index that focuses on days where the volume has significantly decreased from the previous day's trading.
Negative working capital
Occurs when current liabilities exceed current assets, which can lead to bankruptcy.
Negative yield curve
Arises when short-term interest rates are higher than long-term ones.
PREVIOUS AND NEXT TERMS--------------------------------------
Negative goodwill
A gain occurring when the price paid for an acquisition is less than the fair value of its net assets.
Negative income tax
A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.
Negative NPV tie-in project
A negative-NPV infrastructure development project that a local government requires of a company engaged in a positive NPV investment project elsewhere in the country.
Negative obligation
A New York Stock Exchange rule that governs the behavior of specialists. Negative obligation is the mandate of the specialists not trade for the specialist's firm's own account when enough public investor orders exist to match up naturally, without intervention.
Negative pledge
An agreement in which the borrower agrees not to pledge any of its assets as security and-or not to incur further indebtedness.
Negative pledge clause
Negative volume index
An index that focuses on days where the volume has significantly decreased from the previous day's trading.
Negative working capital
Occurs when current liabilities exceed current assets, which can lead to bankruptcy.
Negative yield curve
Arises when short-term interest rates are higher than long-term ones.
Neglected firm effect
The tendency of firms that are neglected by security analysts to outperform firms that are the subject of considerable attention.
Negotiable
A security whose title is transferable by delivery.
RELATED TERMS--------------------------------------
Bond
Certificate, stating that the issuer is committing himself to repay the loan, including interest and other payments, to the holder.
Covenant
An agreed action to be undertaken (Positive) or not done (Negative). A breach of a covenant is a default.
Grant
Is the process of initially selling or writing an option.
Lien
A claim or charge placed against property of another, such as a mortgage, deed of trust or judgment.
Future
Contracts covering the sale of financial instruments or physical commodities for future delivery on a commodity exchange.
SIMILAR TERMS--------------------------------------
Negative amortization
A loan repayment schedule in which the outstanding principal balance of the loan increases, rather than amortizing, because the scheduled monthly payments do not cover the full amount required to amortize the loan.
Negative carry
A situation in which the cost of financing a securities or financial futures position exceeds the yield earned.
Negative cash flow
Occurs when spending in a business is greater than earnings.
Negative convexity
A bond characteristic such that the price appreciation will be less than the price depreciation for a large change in yield of a given number of basis points.
Negative covenant
A bond covenant that limits or prohibits certain actions unless the bondholders agree.
Negative duration
Occurs when the price of an MBS moves in the same direction as interest rates.
Negative equity
A situation where the purchaser of a property has taken out a mortgage and some time after the purchase, the value of the property falls below the mortgage amount.
Negative goodwill
A gain occurring when the price paid for an acquisition is less than the fair value of its net assets.
Negative income tax
A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.
Negative NPV tie-in project
A negative-NPV infrastructure development project that a local government requires of a company engaged in a positive NPV investment project elsewhere in the country.
Negative obligation
A New York Stock Exchange rule that governs the behavior of specialists. Negative obligation is the mandate of the specialists not trade for the specialist's firm's own account when enough public investor orders exist to match up naturally, without intervention.
Negative pledge
An agreement in which the borrower agrees not to pledge any of its assets as security and-or not to incur further indebtedness.
Negative volume index
An index that focuses on days where the volume has significantly decreased from the previous day's trading.
Negative working capital
Occurs when current liabilities exceed current assets, which can lead to bankruptcy.
Negative yield curve
Arises when short-term interest rates are higher than long-term ones.
PREVIOUS AND NEXT TERMS--------------------------------------
Negative goodwill
A gain occurring when the price paid for an acquisition is less than the fair value of its net assets.
Negative income tax
A proposal to assist taxpayer with below-subsistence-level incomes. After filing a tax return, such persons would receive a subsidy to bring them up above the poverty level.
Negative NPV tie-in project
A negative-NPV infrastructure development project that a local government requires of a company engaged in a positive NPV investment project elsewhere in the country.
Negative obligation
A New York Stock Exchange rule that governs the behavior of specialists. Negative obligation is the mandate of the specialists not trade for the specialist's firm's own account when enough public investor orders exist to match up naturally, without intervention.
Negative pledge
An agreement in which the borrower agrees not to pledge any of its assets as security and-or not to incur further indebtedness.
Negative pledge clause
Negative volume index
An index that focuses on days where the volume has significantly decreased from the previous day's trading.
Negative working capital
Occurs when current liabilities exceed current assets, which can lead to bankruptcy.
Negative yield curve
Arises when short-term interest rates are higher than long-term ones.
Neglected firm effect
The tendency of firms that are neglected by security analysts to outperform firms that are the subject of considerable attention.
Negotiable
A security whose title is transferable by delivery.
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This dictionary contains 24549 terms.
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