| 单词 | CONTINGENT TRIGGER |
| 释义 | A COVENANT in a credit agreement requiring a borrower to undertake certain actions (such as repaying DEBT, selling ASSETS, issuing COMMON STOCK) in the event a predefined TRIGGER event occurs. Common triggers include a CREDIT RATING downgrade or breach of a financial ratio, often those related to LIQUIDITY, LEVERAGE, or INTEREST COVERAGE. |
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