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Glossary   >   L   >   "Limitation on subsidiary borrowing" Definition            Limitation on subsidiary borrowing A bond covenant that restricts in some way a firms ability to borrow at the subsidiary level. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Limitation on subsidiary borrowing - A bond covenant that restricts in some way a firms ability to borrow at the subsidiary level.