ACI
3I0-012 · Question #424
3I0-012 Question #424: Real Exam Question with Answer & Explanation
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Question
Which one of the following statements concerning covenants is incorrect?
Options
- ACovenants are clauses in bank credit agreements and bond indentures designed to assure debt holders
- BCovenants must be tailored to reflect the specific needs of the borrower/issuer and the specific risks
- CCovenants require the holder of the debt to refrain from doing certain specific things.
- DThree different types of covenants in credit agreements and bond indentures are affirmative, negative
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