Ask Question
11 March, 22:53

Which of the following terms refers to a promise made to lenders by a borrower?

Record

Covenant

Bargain

Investiture

+2
Answers (1)
  1. 11 March, 23:19
    0
    Covenant.

    Explanation:

    A covenant in business context refers to a formal debt agreement between a lender and a company that specific actions will or will not be undertaken.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Which of the following terms refers to a promise made to lenders by a borrower? Record Covenant Bargain Investiture ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers