According to a recent report by the World Bank, private lenders have granted borrowers more flexibility with loan covenants and demanded fewer third-party guarantees.

根据世银最近的一份报告指出，私人信贷者赋予贷款人具备更灵活的贷款合同以及需要更少的第三方担保人。

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The loan covenants, or conditions the banks imposed on borrowers, became far looser.

银行给借贷者的贷款条件更加宽松。

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Investors had assumed that this would mean a flood of properties coming onto the market as owners tried to offload their buildings and borrowers breached their covenants.

投资者原本认为，随着房屋所有者试图甩掉手中的房产以及借款者的违约，这将意味着会有大量房产涌入市场。

youdao

According to a recent report by the World Bank, private lenders have granted borrowers more flexibility with loan covenants and demanded fewer third-party guarantees.

ECONOMIST: Emerging-market debt

They have no desire to indulge in a further round of write-offs, which will weaken their balance-sheets, and thus have a temptation to extend loans and allow covenants (commitments by borrowers to meet certain financial conditions) to be renegotiated.

ECONOMIST: Buttonwood

And if the banks had foreclosed on all the commercial property loans in breach of covenants, there would again have been an acceleration of losses for borrowers and lenders.

BBC: Business