negative covenant

A covenant that requires a party to refrain from doing something; esp., in a real-estate fi-nancing transaction, the borrower’s promise to the lender not to encumber or transfer the real estate as long as the loan remains unpaid.

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词条贡献者

资深译员Lester，毕业于美国一流的高级翻译学院，专注翻译各种与复杂国际仲裁有关的法律文件。