Covenants are terms included in long-term loan agreements that are intended to protect borrowers from unfair policies imposed by lenders.

Name: Covenants are terms included in long-term loan agreements that are intended to protect borrowers from unfair policies imposed by lenders.
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Covenants are actually terms included in loan agreements to protect lenders by ensuring that borrowers abide by certain conditions, such as maintaining a specific level of financial performance.

Covenants Are Terms Included in Long-Term Loan Agreements That Are