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The indenture between a firm and its creditors might contain a restriction against paying dividends to stockholders that are greater than current earnings. This restriction
The indenture between a firm and its creditors might contain a restriction against paying dividends to stockholders that are greater than current earnings. This restriction is an example of a(n):
maintenance of security provision. | ||
sinking fund | ||
put provision. | ||
affirmative indenture. | ||
protective covenant. |
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