# Negative pledge

- Canonical URL: https://www.gerhardmerk.de/negative-pledge
- Post ID: 589111
- Modified: 2023-07-25T21:13:18+00:00
- Language: en

## Definition

In the financial market, the obligation of a creditor to waive the provision of collateral in favor of other lenders. - The binding declaration made by a debtor to the bank not to sell, encumber or transfer assets to third parties as collateral during the term of the loan without the bank's consent; also referred to in this context as a negative pledge clause. Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1