| 单词 | Covenant |
| 释义 | Covenant 契约 指承诺进行某种活动或避免某些情况发生的正式协议。在债务契约上，违约可能意味着整批债券即时到期。契约条件各式各样，包括对诸如股息支付、负债水平及流动资金额等各方面的要求。 "A promise in a formal agreement that some activity will or will not be carried out. In a debt agreement a breach of covenant may mean that the whole debt is immediately due. Covenants can cover issues as varied as dividend payments, gearing ratios or the amount of working capital." |
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