For example, the covenant may include leases in the debt calculation, or it may consider capital leases as an expense.
As a result, it is very important that borrowers scrutinize covenants before borrowing.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'covenant.' Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. are most common in lending agreements and bond indentures. Operational covenants often require borrowers to maintain their physical assets to certain standards, meet minimum disclosure requirements, engage only in permissible business lines, or maintain a certain level of insurance.
Financial covenants are frequently ratios that the borrower is required to stay above or below (a 2:1 debt-to-equity ratio or interest coverage ratio, for example), but there are usually also restrictions on debt levels and minimum working capital requirements.
By this point, assessment for “marriage suitability” is a foregone conclusion. Betrothal was considered the first act in the marriage covenant process and though not all rights and privileges (e.g.sexual license) had yet been granted at this point (“inchoate marriage”), oftentimes spousal terms were employed to refer to each other (Consider Deuteronomy 20:7; “husband” in 2 Corinthians 11:2; Hosea 2:2-4 – In addressing His marriage covenant relationship w/Israel, God refers to the children of Israel as the children of whoring – not as His own.
In relation to God, this happens only after we have passed from this life into the next (see Revelation 19:6-9).
Wikipedia definition: “dating is a form of courtship consisting of socializing done by two people with the aim of each assessing the other’s suitability as a partner in an intimate relationship or as a marriage” 1.2.
Consummation of the marriage covenant has not yet taken place making all progeny at this point – illegitimate).
A biblical covenant is a religious covenant that is described in the Bible.