Filed Under: Business
1 definition found for this term.
Definitions are presented in the order source books were published (most recent first).
Financial Skills for Professionals$65.00 – $104.00
A contract signed by a borrower and lender under which the borrower undertakes to meet certain conditions, such as keeping the working capital ratio above a specified amount, violation of which would give the lender the right to ask for immediate repayment of the loan or to take other action.