Credit Agreement

Demand Loan
A demand loan is a type of loan that must be repaid upon the lender's request, rather than on a predetermined date.
Negative Pledge
A covenant in a loan agreement wherein the borrower commits to refrain from securing new borrowings during the loan's term or ensures equal and rateable security for any new borrowings, as specifically defined.

Accounting Terms Lexicon

Discover comprehensive accounting definitions and practical insights. Empowering students and professionals with clear and concise explanations for a better understanding of financial terms.