Covenants

Provisions in a bond indenture or preferred stock agreement that require the bond or preferred stock issuer to take certain specified actions (affirmative covenants) or to refrain from taking certain specified actions (negative covenants).

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Restrictive covenants
Provisions that place constraints on the operations of borrowers, such as restrictions on working capital, fixed assets, future borrowing, and payment of dividend.

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Federal Home Loan Bank Board (FHLBB)

The FHLBB is an agency responsible for regulating and controlling savings and loan institutions, superseded by FIRREA in 1989.


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