A debt covenant waiver:
A) implies there is not a going concern risk.
B) relieves the client from making payment for the debt.
C) relieves the client from penalties resulting from covenant violations.
D) All of the above.

Question

Quizplus · Accepted Answer

A debt covenant waiver does not imply there is not a going concern risk, and it also does not relieve the client from making payments for the debt. However, it does usually provide relief from penalties resulting from covenant violations.

A Debt Covenant Waiver