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Loan Covenant
A loan covenant is a condition or restriction set by lenders to ensure borrowers maintain financial discipline. Covenants may require maintaining certain ratios or limit additional borrowing. Breaching them can lead to penalties or loan recalls.
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Lease Term
Lease term refers to the duration over which a lease agreement is in effect, including non-cancellable periods and optional extensions…
Liquidation Value
Liquidation value is the estimated amount that could be realised if a company’s assets were sold quickly, typically under distressed…
Line of Credit
A line of credit is a flexible financing arrangement that allows businesses to borrow funds up to a predetermined limit…
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