Translation and analysis of words by ChatGPT artificial intelligence
On this page you can get a detailed analysis of a word or phrase, produced by the best artificial intelligence technology to date:
- how the word is used
- frequency of use
- it is used more often in oral or written speech
- word translation options
- usage examples (several phrases with translation)
- etymology
negative pledge - translation to italian
 mess tent still does not break out of the sub-freezing temperatures.jpg?width=200)
.jpg?width=200 "Negative storey numbers in an elevator.")
![The [[ballcock]] or float valve uses negative feedback to control the water level in a cistern.](https://commons.wikimedia.org/wiki/Special:FilePath/Ballcock.svg?width=200 "The [[ballcock]] or float valve uses negative feedback to control the water level in a cistern.")
![fly-ball governor]] is an early example of negative feedback.](https://commons.wikimedia.org/wiki/Special:FilePath/Centrifugal governor.png?width=200 "fly-ball governor]] is an early example of negative feedback.")
Wikipedia
Negative pledge is a provision in a contract which prohibits a party to the contract from creating any security interests over certain property specified in the provision.
Negative pledges often appear in security documents, where they operate to prohibit the person who is granting the security interest from creating any other security interests over the same property, which might compete with (or rank pari passu with) the security of the first secured creditor under the security document in which the negative pledge appears.
In Australia, negative pledge lending took off after a substantial deal by Pioneer Concrete in 1978. It was a new way of lending, which allowed the banks to lend to corporations, something previously the domain of life insurers.
Negative pledge clauses are almost universal in modern unsecured commercial loan documents. The purpose is to ensure that a borrower, having taken out an unsecured loan, cannot subsequently take out another loan with a different lender, securing the subsequent loan on the specified assets. If the borrower could do this, the original lender would be disadvantaged because the subsequent lender would have first call on the assets in an event of default.
