Catastrophe Call – A callable bond provision which is only enacted when the underlying collateral is destroyed.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"Provisions within a bond\u00a0Indenture\u00a0that establish the issuer’s responsibilities and bondholder rights. Typical covenants include: Rate Covenant – The bond issuer’s pledge to maintain rates at a level that is sufficient to meet operation and maintenance costs. Maintenance Covenant – The bond issuer’s pledge to maintain the project in good working order. Insurance Covenant – The […]<\/p>\n","protected":false},"featured_media":0,"parent":0,"template":"","meta":{"_acf_changed":false,"footnotes":""},"traders-glossary":[164,157],"class_list":["post-1143","glossary-terms","type-glossary-terms","status-publish","traders-glossary-trading-terms-t","traders-glossary-trading-alphabet"],"pp_statuses_selecting_workflow":false,"pp_workflow_action":"current","pp_status_selection":"publish","acf":[],"yoast_head":"\n
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