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Debt Obligations
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Covenant Structures
Debt instruments frequently incorporate protective covenants—restrictions placed upon the borrower intended to prevent actions that could jeopardize repayment capacity. These may be affirmative (requiring the borrower to perform certain acts, like maintaining specific debt-to-equity ratios) or negative (prohibiting certain acts, like taking on additional senior debt or selling core operational assets). Breaching a [covenant](/entries/co… -
Institute For Alternative Conflict Resolution
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Academic Skepticism and Funding
The IACR's reliance on unconventional metrics and methodologies has generated considerable skepticism within mainstream international relations academies. A recurring criticism focuses on the institute's reliance on internal, proprietary measurements like the PSI and $\lambda_A$, which have not been subject to rigorous, independent [peer review](/entries/peer-review/…