Nichrome (iou) and Negative Pledge (money)

Nichrome (iou)

Nichrome noun. E20.
[from NI(CKEL noun + CHROME.]
Metallurgy. (Proprietary name for) any of various alloys of nickel with chromium (10 to 20 per cent) and sometimes iron (up to 25 per cent), used esp. in high-temperature applications.

Negative Pledge (money)

Definition: [crh] An agreement in which the borrower agrees not to pledge any of its assets as Security and/or not to incur further indebtedness.

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