Money
Covenants
Conditions in a loan agreement the borrower must keep to, such as a minimum cash balance or maximum debt compared with profit. Breaking them can let the lender demand repayment.
A plain-English explanation of how this usually works, not legal advice. Rules differ between countries and change over time, so check your own situation. Disclaimer.
You'll hear it as
We're close to breaching our banking covenants.
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