Solved

Which of the Following Is Not a Typical Restrictive Covenant

Question 21

Multiple Choice

Which of the following is not a typical restrictive covenant for a bank commercial loan?


A) Life insurance for key personnel
B) Minimum current and quick ratios
C) Bank is allowed to run the firm if repayment difficulties
D) Limits on borrower taking on additional debt and dividend payments

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents