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 法律翻译郭敏,毕业于欧洲顶尖的高级翻译学院,擅长翻译涉及互动娱乐领域的法律文件。