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Jeffrey,毕业于国内一流的高级翻译学院,擅长翻译各种与首次公开发行/其他股权或债务发行相关的法律文件。