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Loan agreements commonly have cross-default provisions allowing a lender to collect its loan immediately if the borrower is in default on a loan to another lender.

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A negative loan covenant is a portion of a loan agreement that specifies the actions the borrowing firm agrees to take during the term of the loan.

Because of their high liquidity, lenders often lend up to 100% of the book value of accounts receivable pledged as collateral in leveraged buyouts.

Accounts receivable represent an undesirable form of collateral from the lender's point of view because they are often illiquid.

Leveraged buyout firms use the unencumbered assets and operating cash flow of the target firm to finance the transaction.