单选题

A company that provides cruise ship vacations uses term loans to finance the acquisition of new cruise ships. Which of the following is most likely a negative covenant for the loans? The company must:

A、 seek lender approval to pay dividends.
B、 ensure the ships are insured.
C、 maintain a minimum level of working capital.

【正确答案】 A

【答案解析】

Negative covenants require that a borrower not take certain actions. The requirement to seek the lender's approval before paying dividends is an example of a negative covenant. The other two are affirmative covenants.