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16 August, 18:00

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

Record

Covenant

Bargain

Investiture

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Answers (1)
  1. 16 August, 21:06
    0
    Covenant.

    Explanation:

    A covenant in business context refers to a formal debt agreement between a lender and a company that specific actions will or will not be undertaken.
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