"negative pledge" meaning in English

{
  "etymology_text": "The idea (and hence presumably the name) developed in the United States, and then went global. (Reference: Trevor Sykes, The Bold Riders, second edition, 1996, →ISBN, page 8.)",
  "forms": [
    {
      "form": "negative pledges",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "negative pledge (plural negative pledges)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        {
          "kind": "other",
          "name": "English entries with incorrect language header",
          "parents": [
            "Entries with incorrect language header",
            "Entry maintenance"
          ],
          "source": "w"
        },
        {
          "kind": "topical",
          "langcode": "en",
          "name": "Finance",
          "orig": "en:Finance",
          "parents": [
            "Business",
            "Economics",
            "Society",
            "Social sciences",
            "All topics",
            "Sciences",
            "Fundamental"
          ],
          "source": "w"
        }
      ],
      "glosses": [
        "A type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets)."
      ],
      "id": "en-negative_pledge-en-noun-2whW16Kw",
      "links": [
        [
          "finance",
          "finance#Noun"
        ],
        [
          "loan",
          "loan"
        ],
        [
          "liquidation",
          "liquidation"
        ],
        [
          "unsecured",
          "unsecured"
        ]
      ],
      "raw_glosses": [
        "(finance) A type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets)."
      ],
      "topics": [
        "business",
        "finance"
      ]
    }
  ],
  "word": "negative pledge"
}

{
  "etymology_text": "The idea (and hence presumably the name) developed in the United States, and then went global. (Reference: Trevor Sykes, The Bold Riders, second edition, 1996, →ISBN, page 8.)",
  "forms": [
    {
      "form": "negative pledges",
      "tags": [
        "plural"
      ]
    }
  ],
  "head_templates": [
    {
      "args": {},
      "expansion": "negative pledge (plural negative pledges)",
      "name": "en-noun"
    }
  ],
  "lang": "English",
  "lang_code": "en",
  "pos": "noun",
  "senses": [
    {
      "categories": [
        "English countable nouns",
        "English entries with incorrect language header",
        "English lemmas",
        "English multiword terms",
        "English nouns",
        "en:Finance"
      ],
      "glosses": [
        "A type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets)."
      ],
      "links": [
        [
          "finance",
          "finance#Noun"
        ],
        [
          "loan",
          "loan"
        ],
        [
          "liquidation",
          "liquidation"
        ],
        [
          "unsecured",
          "unsecured"
        ]
      ],
      "raw_glosses": [
        "(finance) A type of loan or loan condition in which the borrower agrees with the lender not to allow any other lender or creditor to rank ahead for payment in the event of a liquidation. Such a loan is unsecured (ie. not backed by a charge over specific assets)."
      ],
      "topics": [
        "business",
        "finance"
      ]
    }
  ],
  "word": "negative pledge"
}