bond covenantglossary / BOND COVENANT bond covenant. A bond-indenture provision that protects bondholders by specifying what the issuer may or may not do, as by prohibiting the issuer from issuing more debt. See BOND INDENTURE(1). 词条贡献者 译者晓晨,毕业于世界顶级翻译学院,擅长翻译各种与反垄断咨询与合规相关的法律文件。