Asked by Abigail leyva on Apr 24, 2024
Verified
A minimum TIE is an example of a restrictive covenant.
Minimum TIE
The lowest acceptable Times Interest Earned ratio, a financial metric used to determine how well a company can meet its interest payments on debt.
Restrictive Covenant
A clause in a contract that limits certain actions of the parties involved, often used in employment and real estate agreements.
- Identify the function and varieties of restrictive covenants within bond contracts.
Verified Answer
AT
Akhila tippabhotla7 days ago
Final Answer :
True
Explanation :
A minimum TIE (Traffic Impact and Evaluation) is a type of covenant that restricts the use of a property with regards to the site's impact on traffic. It is a common condition imposed by local authorities on planning permissions and property developments.
Learning Objectives
- Identify the function and varieties of restrictive covenants within bond contracts.
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