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Which of the following terms refers to a promise made to lenders by a borrower? Record Covenant Bargain Investiture
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Which of the following terms refers to a promise made to lenders by a borrower?

Record

Covenant

Bargain

Investiture

User Gopi Kolla
by
8.6k points

1 Answer

5 votes

Answer:

Covenant.

Step-by-step 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.

User Floremin
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