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Glossary   >   P   >   "Positive covenant (of a bond)" Definition            Positive covenant (of a bond) A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant. 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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Positive covenant (of a bond) - A bond covenant that specifies certain actions the firm must take. Also called an affirmative covenant.