Solved

From the Creditor's Perspective,what Is the Purpose of Loan Covenants

Question 13

Multiple Choice

From the creditor's perspective,what is the purpose of loan covenants?


A) To assist government agencies in examining financial statements
B) To help to ensure a company will be able to repay the loan
C) To aid in forecasting future revenues and expenses
D) To help to determine the amount of money lent to a company

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions