Negative pledge

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.

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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/