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OHC Trade Room · Reference

OHC glossary

Every term used across the OHC Trade Room courses, defined the way we teach it. No external definitions are substituted.

terms
553
categories
10
source modules
12

553 terms A–Z

Fixed Income Advanced

Bond covenant

Also known as Covenant

A contractual rule in the bond documentation protecting lenders — limits on additional debt, minimum financial ratios, restrictions on asset sales. Covenants are the enforceable part of credit protection and are reviewed as standard in credit analysis. Weak covenants are a genuine risk factor, not a technicality.

Taught in
Module 3 — Fixed Income →
Level
Advanced — assumes working knowledge