Affirmative Covenant

Business, Legal & Accounting Glossary

Definition: Affirmative Covenant


Affirmative Covenant


Full Definition of Affirmative Covenant


A type of positive contract or promise that will require one party to do something specific, such as a bond covenant that states that the issuer of that bond shall maintain sufficient or adequate levels of insurance or will deliver audited financial statements. Can be compared with negative or restrictive covenants that require a party not to do something.


Cite Term


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Page URL
https://payrollheaven.com/define/affirmative-covenant/
Modern Language Association (MLA):
Affirmative Covenant. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
December 07, 2021 https://payrollheaven.com/define/affirmative-covenant/.
Chicago Manual of Style (CMS):
Affirmative Covenant. PayrollHeaven.com. Payroll & Accounting Heaven Ltd.
https://payrollheaven.com/define/affirmative-covenant/ (accessed: December 07, 2021).
American Psychological Association (APA):
Affirmative Covenant. PayrollHeaven.com. Retrieved December 07, 2021
, from PayrollHeaven.com website: https://payrollheaven.com/define/affirmative-covenant/

Definition Sources


Definitions for Affirmative Covenant are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 20th November, 2021 | 0 Views.