e/Cov-lite

Information
has gloss	eng: Cov-lite ("covenant light") is financial jargon for loan agreements which do not contain the usual protective covenants for the benefit of the lending party. Although traditionally banks have insisted on a wide range of covenants which allow them to intervene if the financial position of the borrower or the value of underlying assets deteriorates, around 2006 the increasing strength of private equity firms and the decreasing opportunities for traditional corporate loans made by banks fuelled something of a "race to the bottom" with syndicates of banks competing with each other to essentially offer ever less invasive terms to borrowers in relation to leveraged buy-outs.
lexicalization	eng: Cov lite
lexicalization	eng: cov-lite
instance of	c/Contract clauses