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covenant-lite loan

Latvian translation: kredīts ar minimāliem ierobežojumiem


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GLOSSARY ENTRY (DERIVED FROM QUESTION BELOW)
English term or phrase:covenant-lite loan
Latvian translation:kredīts ar minimāliem ierobežojumiem
Entered by: Jānis Greivuls
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16:10 Nov 16, 2009
English to Latvian translations [PRO]
Bus/Financial - Finance (general)
English term or phrase: covenant-lite loan
A type of loan whereby financing is given with limited restrictions on the debt-service capabilities of the borrower. The issuance of covenant-lite loans means that debt is being issued, both personally and commercially, to borrowers with less restrictions on collateral, payment terms, and level of income.
piigurz
Local time: 05:13
kredīts ar minimāliem ierobežojumiem
Explanation:
Angliskā definīcija: A loan with very light covenants or no covenants at all. (http://www.vernimmen.com/html/glossary/definition_covenant-l...

Latviski, šķiet, nav izveidojusies vienota definīcija, kam par iemeslu visdrīzāk kalpo salīdzinoši nesenā šī finanšu instrumenta izveide, ko apstiprina tajā pašā vārdnīcā piezīmētais: "Their development usually goes in hand with increase leverage and an overheating of the loan markets as in 2007".
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Jānis Greivuls
Latvia
Local time: 05:13
Grading comment
4 KudoZ points were awarded for this answer



Summary of answers provided
3kredīts ar minimāliem ierobežojumiemJānis Greivuls


  

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32 mins   confidence: Answerer confidence 3/5Answerer confidence 3/5
kredīts ar minimāliem ierobežojumiem


Explanation:
Angliskā definīcija: A loan with very light covenants or no covenants at all. (http://www.vernimmen.com/html/glossary/definition_covenant-l...

Latviski, šķiet, nav izveidojusies vienota definīcija, kam par iemeslu visdrīzāk kalpo salīdzinoši nesenā šī finanšu instrumenta izveide, ko apstiprina tajā pašā vārdnīcā piezīmētais: "Their development usually goes in hand with increase leverage and an overheating of the loan markets as in 2007".

Jānis Greivuls
Latvia
Local time: 05:13
Specializes in field
Native speaker of: Native in LatvianLatvian, Native in RussianRussian
PRO pts in category: 88
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Changes made by editors
Nov 25, 2009 - Changes made by Jānis Greivuls:
Created KOG entryKudoZ term => KOG term


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