Words / C / Business

covenant strength

noun/ˈkʌvɪnənt strɛŋθ/

C2CEFR level
85/100Rarity: very rare
TechnicalRegister

The financial reliability of a tenant, reflecting how secure its rental payments are considered to be.

Investors paid a premium for the asset because the government lease offered impeccable covenant strength.

Topic: Real estate & property in Business English

Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.

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More business words: Real estate & property