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Restrictions placed on a company by creditors are referred to as "covenants." These covenants can be financial or operational in nature and are typically outlined in loan agreements or bond indentures. They are designed to protect the interests of creditors by ensuring that the company maintains certain financial ratios, limits additional borrowing, or adheres to specific operational practices. Breaching these covenants can lead to penalties or accelerated repayment demands from creditors.
When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.
Creditors want to evaluate before granting credit to company that will company be able to return back credit when maturity time arrives.
to maintain a company's capital as a form of security for creditors
banks, investors and vendors
credit controlls
credit controlls
Debt Covenants
credit controlls
credit controlls
money owed by the company
They ignored the restrictions.
Bonds are a form of debt when a company sells them to creditors
When company purchases materials from different vendors on credit, those combined creditors are called sundry creditors.
Which or what empire?
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Constraints.