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

译者Mathew，国际知名法学院国际仲裁与争端解决专业，擅长翻译各种与美国国内仲裁相关的法律文件。