Translation of "negative pledge" into Dutch

negative pledge is the translation of "negative pledge" into Dutch.

negative pledge noun grammar

(finance) A type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets). Hailed as a great innovation when developed in the 1970s, but by the end of the 1980s had become a dirty word. [..]

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English-Dutch dictionary

  • negative pledge

    Both provide for a negative pledge by TVO.

    Beide houden rekening met een „negative pledge” van TVO.

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