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Definition of

negative pledge clause

Stockholding & Investments

condition preventing bond issuer from disadvantaging holders a provision in a bond agreement that prohibits the issuer from doing something that would give an advantage to holders of other bonds

Definitions of ’negative pledge clause’ and meaning of ’negative pledge clause’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’negative pledge clause’ and other financial terms with our online QFINANCE Financial Dictionary.

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