Term loans impose restrictions called covenants.

Name: Term loans impose restrictions called covenants.
Brand: Quizplus
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Term loans often come with covenants, which are restrictions or requirements that the borrower must follow in order to maintain the loan agreement. These covenants can include restrictions on actions such as taking on additional debt, selling assets, or making significant changes to the company's operations or management.

Term Loans Impose Restrictions Called Covenants