Multiple Choice
A loan covenant is:
A) a legal clause in a borrowing contract that requires the lender to avoid certain actions
B) a legal clause in a borrowing contract that requires the lender to take certain actions
C) a legal clause in a borrowing contract that requires the borrower to take certain actions
D) a legal clause in a borrowing contract that requires the borrower to either take certain actions or avoid certain actions.
Correct Answer:
Verified
Correct Answer:
Verified
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