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A negative pledge clause is a type of covenants clause that companies issuing bonds may have to adhere to in their indenture. Specifically it restricts how much debt can rank ahead of this debt. It is another way to protect bondholders.

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16y ago

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What are two ways the constitution protects economicfreedom?

The Contracts Clause and the Dormant Commerce Clause (i.e., the negative implications of the Commerce Clause).


Is there a connection between McCarthyism and the Pledge of Allegiance?

The "under God" clause was added to the Pledge of Allegiance during the McCarthy era, in the belief that no Communist would pledge or swear to God in any way, since they were understood to be atheists. Committed Communists actually had no problems reciting the Pledge of Allegiance or other oaths; part of their commitment was to do or say anything necessary to be trusted, where they worked or operated. The persons affected by the "under God" clause were essentially non-Communists, of beliefs that varied from the Judeo-Christian mainstream.


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Does your child legally have to say the pledge?

I assume you are referring to the Pledge of Allegiance in public schools. The answer is no. It is federal law, under the First Amendment's free speech clause, that children may not be required to recite the Pledge. Children who don't want to do it, for whatever reason, can stand or sit respectfully while the others recite the Pledge. Schools are prohibited from forcing children to recite the pledge, and schools are prohibited from punishing those students for refusing to recite the pledge. However, any students who harass those who don't say the Pledge are subject to discipline or even expulsion.


What is a charitable pledge?

its a pledge


What is Ecuador pledge?

The pledge of ecuador?


What is the Australian pledge?

There is no Australian pledge.


Sigma gamma rho pledge?

Sigma Gamma Rho's pledge is a sacred pledge that will not be publicized to the public. Only members have access to the pledge.


What is the name of the pledge of US?

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Why did the Australian pledge change in 1994?

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Does Japan have a pledge?

Every Country has some type of pledge so yes Japan does have a pledge.


How can you use Pledge in a sentence?

I used Pledge to dust my cabinets. or I will pledge my allegiance to the United States.