Glossary Category: M

Hybrid of subordinated debt and equity, offering higher returns for increased risk. If you would like to learn more about the financing process, please see

An exception applicable during the Non-Call Period of an instrument (typically high yield bonds, but can also be included for certain loans), allowing the issuer

Contractual provision in a Credit Agreement requiring the borrower to maintain a certain financial metric above or below a pre-agreed threshold. Maintenance covenants are tested