Affirmative (or positive) covenants can be compared to restrictive (or negative) covenants, which require a party not to do something, such as sell certain assets. In bond agreements, both affirmative and restrictive covenants are used to protect the interests of both issuer and bondholder.
Investment dictionary. Academic. 2012.
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Affirmative covenant — A bond covenant that specifies certain actions the firm must take. The New York Times Financial Glossary … Financial and business terms
affirmative covenant — A provision in the lender s documents that requires the borrower to do something in the future. For example, a requirement for the borrower to provide annual audited financial statements to the bank during the term of the loan. American Banker… … Financial and business terms
covenant — cov·e·nant / kə və nənt/ n 1: an official agreement or compact an international covenant on human rights 2 a: a contract in its entirety or a promise within a contract for the performance or nonperformance of a particular act a covenant not to… … Law dictionary
affirmative — af·fir·ma·tive /ə fər mə tiv/ adj 1: asserting the existence of certain facts esp. in support of a cause of action affirmative proof 2: resulting from an intentional act affirmative concealment 3: involving or requiring application of effort … Law dictionary
Covenant running with the land — A covenant running with the land, is a real covenant, in the law of real property. It is a nonpossessory interest in land in one form as an agreement between adjoining landowners to do something (affirmative covenant) or to refrain from doing… … Wikipedia
Covenant (law) — Property law Part of … Wikipedia
covenant — /kavanant/ An agreement, convention, or promise of two or more parties, by deed in writing, signed, and delivered, by which either of the parties pledges himself to the other that something is either done, or shall be done, or shall not be done,… … Black's law dictionary
covenant, affirmative — n. A covenant in which one party agrees to do something. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 … Law dictionary
Affirmative action — For the history and implementation of affirmative action in the U.S., see Affirmative action in the United States. Affirmative action refers to policies that take factors including race, color, religion, gender, sexual orientation or national… … Wikipedia
affirmative defense — A defense which amounts to something more than a mere denial of the plaintiff s allegations; a defense which sets up new matter not embraced within the ordinary scope of a denial of the material averments of the complaint. Among such defenses are … Ballentine's law dictionary