covenant-lite
noun1
A loan that has fewer restrictive covenants on it than a standard loan, so is potentially more risky for the lender.
Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.
noun
A loan that has fewer restrictive covenants on it than a standard loan, so is potentially more risky for the lender.
Entry derived from the Wiktionary, under licence CC BY-SA 4.0 — list of authors.
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