Which of the following explains the details of the contracts and promises between the debt contract parties?
A)Capital structures
B)Covenants
C)Underwritings
D)Actuaries
E)Due diligence

Question

Quizplus · Accepted Answer

Covenants are specific agreements or clauses within a debt contract that outline the details of the promises and obligations between the borrower and the lender. These can include restrictions on the borrower's activities to protect the lender's interests.

Which of the Following Explains the Details of the Contracts