The dataset ‘demerjianowens_pviol.sas’ contains an aggregate probability of covenant violation measure for Dealscan loan packages, calculated non-parametrically as outlined in Demerjian and Owens (2016):

·	PVIOL – aggregate probability of covenant violation (at the loan inception date) across all covenants included on a given loan package from the total set of fifteen covenant categories as outlined in Table 4 of Demerjian and Owens (2016)
In addition, the dataset also includes measures of violation probability for two covenant subsets: performance covenants and capital covenants (see Christensen, H., Nikolaev, V., 2012. Capital versus performance covenants in debt contracts. Journal of Accounting Research 50, 75-116.). We compute these measures following the same nonparametric approach as for PVIOL, except we aggregate violation probability only across the covenant category subsets of interest, rather than across all fifteen covenant categories:

·	PVIOL_PCOV – aggregate probability of covenant violation (at the loan inception date) across all performance covenants included on a given loan package, where performance covenants include (1) Min. Cash Interest Coverage, (2) Min. Debt Service Coverage, (3) Min. EBITDA, (4) Min. Fixed Charge Coverage, (5) Min. Interest Coverage, (6) Max. Debt-to-EBITDA, and (7) Max. Senior Debt-to-EBITDA

·	PVIOL_CCOV – aggregate probability of covenant violation (at the loan inception date) across all capital covenants included on a given loan package, where capital covenants include (1) Min. Quick Ratio, (2) Min. Current Ratio, (3) Max. Debt-to-Equity, (4) Max. Debt-to-Tangible Net Worth, (5) Max. Leverage, (6) Max. Senior Leverage, (7) Min. Net Worth, and (8) Min. Tangible Net Worth