Question: Covenants represent: Select one: A . Promises the company makes to the creditor B . The maximum that a creditor will allow a customer to

Covenants represent:
Select one:
A. Promises the company makes to the creditor
B. The maximum that a creditor will allow a customer to owe at any point in time x
C. The property that a company pledges to guarantee repayment
D. Terms and conditions set forth in a lending agreement to reduce the probability of nonpayment
Rationale: Covenants help lenders detect deteriorating loan quality.
Covenants represent: Select one: A. Promises the company makes to the

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