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 资深译员Jeffrey,毕业于一所培养高级翻译以及跨文化事务专家的精英大学,专注翻译各种与建设工程诉讼有关的法律文件。