Negative pledge clauses, i.e., clauses that restrict a borrower from granting a security interest in, or permitting a lien, on the borrower’s assets in favor of a third party, are common in loan agreements. Yet there has not been much commentary on the purpose, nature and effect of these clauses so critical to the decision of a lender to extend credit to a borrower.
Other areas of interest
Guests at the Meet the Editors dinner at Keens Steakhouse in New York give their assessments of the many opportunities available to accountants for growing their practices.
Attendees at Accounting Today's Meet the Editors Dinner at Keens Steakhouse in New York discuss the top issues confronting accountants.
A continued conversation with Marcum’s Nanette Lee Miller and Janis Cowhey McDonagh about the obstacles women in the accounting profession face when trying to make their way into leadership positions.
The IRS recently released statistics covering the year to May 10, 2013.
The AICPA's annual list of IT priorities for accounting firms.
These five bad habits can make your confidential information -- and that of your clients -- easy to steal.
