Series 52: 5.2.2.4. Other Protective Covenants

Taken from our Series 52 Top Off Online Guide

5.2.2.4.  Other Protective Covenants

An insurance covenant is a promise to bondholders that the issuer will carry enough insurance to protect the project against damage or destruction to the facility. A financial reports covenant requires the issuer to keep financial reports and have them audited annually by an outside certified public accountant.

Since you're reading about Series 52: 5.2.2.4. Other Protective Covenants, you might also be interested in:

Solomon Exam Prep Study Materials for the Series 52
Please Enable Javascript
to view this content!