See Also: Negative pledge clause(money)
Negative pledge clause(finance)
Negative Pledge(money)
Negative pledge(finance)
Pledge(medicine)
Pledge(money)
Pledge(law)
pledge(1)(dictionary)
pledge(2)(dictionary)
pledge 2, verb(dictionary)

Negative pledge clause (finance)


A 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.