Which of the following terms refers to a promise made to lenders by a borrower?

Question options:

Record

Covenant

Bargain

Investiture

Covenant

Explanation:

Record refers to data or documents that are stored for later reference.

Covenant is an agreement in which the borrower accepts a condition or that some actions are forbidden.

Bargain is a negotiation in which the parties agree on the terms of a purchase.

Investiture is a formal act in which a person receives a rank.

According to this, the term that refers to a promise made to lenders by a borrower is covenant.

covenant : promise made by the borrower to the lender