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

Negative pledge clause (finance) and profulgent (iou)


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.





profulgent (iou)



profulgent adjective. rare. L15.
[from PRO-1 + Latin fulgent- FULGENT.]
Shining forth, effulgent, radiant.