Covenant in German, French, Spanish & Italian

What does Covenant mean?

A formal and binding agreement or promise, often found in loan documents, to perform or refrain from specific actions.

Covenant in a sentence

The loan agreement included a covenant that required the company to maintain a certain debt-to-equity ratio.

German

Verpflichtung

also Zusicherung, Klausel

Zusicherung oder vertragliche Nebenbestimmung, oft in Kreditverträgen.

French

Engagement

also Clause, Pacte

Engagement solennel de faire ou de ne pas faire quelque chose.

Spanish

Pacto

also Cláusula contractual

Compromiso incluido en un contrato, especialmente de tipo financiero.

Italian

Patto

also Clausola

Accordo vincolante che impone obblighi di fare o non fare.