Which of the following is not mentioned in your text as a protective covenant?

Question

Quizplus · Accepted Answer

The appointment of a trustee in all bond indentures is mentioned in the text as a protective covenant. A limit on the amount of dividends a firm can pay and a limit on the corporate officers' salaries a firm can pay are also mentioned as protective covenants in the text. The amount of additional debt a firm can issue is also mentioned as a protective covenant, such as a debt-to-equity ratio covenant.

Which of the Following Is Not Mentioned in Your Text