Investment Glossary · Quick read · No ads
Covenant-Lite (Cov-Lite) Loan
A type of leveraged loan with fewer or weaker financial maintenance covenants than traditional loans, giving borrowers more flexibility but offering lenders less protection.
What is Covenant-Lite (Cov-Lite) Loan?
A type of leveraged loan with fewer or weaker financial maintenance covenants than traditional loans, giving borrowers more flexibility but offering lenders less protection.
About this page. Written by Associate Professor Charles Lo, CPA, PhD. Checked against reliable sources before publication. No ads and no paywall. Editorial standards · How we fact check · Corrections log · Report an error
Educational information only. Nothing on this page is personal financial, tax or legal advice. Investing involves risk, including the possible loss of principal.
