问题如下:
Which of the following statements is least described as a negative covenant?
选项:
A.The bond issuer must not violate laws or regulations.
B.The bond issuer must not issue more debt.
C.The bond issuer must not sell assets pledged as collateral.
解释:
A is correct.
Affirmative covenants are administrative actions the issuer must perform, such as complying with all regulations and laws. Negative covenants are restrictions on a bond issuer's operating decisions, such as prohibiting the issuer from issuing additional debt or selling the assets pledged as collateral.
老师,这题问题和解释都看得懂,但是为什么A不属于negative范畴呢?不是禁止的条款吗?禁止违法