financial covenant
C1CEFR level
70/100Rarity: rare
TechnicalRegister
An undertaking requiring the borrower to keep specified financial ratios within agreed limits, tested at regular intervals.
A breach of the financial covenants at the quarter end constitutes an event of default.
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.
Get words like financial covenant on your lock screen, a few a day, with review that makes them stick.
Download on the App Store Lexfall puts a new word on your home and lock screen through widgets, so you learn without opening an app. Free to download. After a free trial, a subscription unlocks every field. Built for iPhone, iOS 15.1 or later.
On a computer?Scan with your iPhone camera.