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LSDefine

Simple English definitions for legal terms

bond covenant

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A quick definition of bond covenant:

A bond covenant is a rule that helps protect people who have invested in bonds. It tells the company that issued the bonds what they can and cannot do, like not being allowed to borrow more money. This helps make sure that the people who invested in the bonds will get their money back.

A more thorough explanation:

A bond covenant is a provision in a bond indenture that outlines the terms and conditions of the bond. It is designed to protect bondholders by specifying what the issuer can or cannot do. For example, a bond covenant may prohibit the issuer from issuing more debt or require the issuer to maintain a certain level of financial performance.

For instance, let's say a company issues bonds to raise capital. The bond indenture may include a bond covenant that restricts the company from taking on additional debt beyond a certain amount. This protects bondholders from the company becoming overleveraged and potentially defaulting on the bonds.

Another example of a bond covenant is a requirement for the issuer to maintain a certain level of financial performance, such as a minimum level of revenue or profitability. This ensures that the issuer is able to meet its obligations to bondholders and reduces the risk of default.

bond conversion | bond creditor

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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