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**Hessah** · 10-01-2009, 05:35 AM

"The term 'negative pledge lending', is usually used to refer to unsecured loans made against certain covenants entered into by the borrower. The major covenant in these arrangements is that the borrower does not grant any security to any other party that ranks in priority with the proposed loan."

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10-01-2009, 05:35 AM	#14
Hessah Hardcore Procrastinator Burger Time Champion! Cannon Ball Follies 2 Champion! Tournaments Won: 51 In-Game Name: Hessah / Ble~ehs Current Level: 91 / 85 / 79 / 65 / 28 Server: Teeeeeee-vah Posts: 9,581	"The term 'negative pledge lending', is usually used to refer to unsecured loans made against certain covenants entered into by the borrower. The major covenant in these arrangements is that the borrower does not grant any security to any other party that ranks in priority with the proposed loan." @_@ __________________ G____G G____GTevaG____G Heart___G_Hessah_G___Heart 79 - Paladin \| 85 - Enchanter \| 91 - Scoutxx Ninja text! For those who's easily amused I can show you the woooorld! I don't want to see it! okay... Last edited by Hessah; 10-01-2009 at 05:44 AM..