Covenants designed to test the financial strength and performance of the property and the Borrower during the life of the loan.
Global Definitions Database
Financial Covenants
Source: INREV | Date: 26 February 2020 | ID: D0643 | Version: 3
Related
Borrower
The party borrowing money from a Lender. (CREFC, CRE Glossary of Terms, EU Version)