Covenant-lite

noun

noun ·Rare ·Advanced level

Definitions

Noun
  1. 1
    A loan that has fewer restrictive covenants on it than a standard loan, so is potentially more risky for the lender.

Synonyms

All synonyms
cov-lite

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Data sourced from Wiktionary, WordNet, CMU, and other open linguistic databases. Updated March 2026.