Hedge Fund Glossary

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Incurrence Covenants

Negative Covenants (such as a Restricted Payments Covenant) that prohibit a Borrower or Issuer from engaging in voluntary actions except under agreed conditions or subject to specified caps. Compare Maintenance Covenants.

Hedge Fund Glossary Index ›

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is a comprehensive glossary of hedge fund slang, legal and regulatory terminology, and acronyms.

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