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Definition

covenant noun

/ˈkʌv.ən.ənt/ n [C]
a formal agreement between two or more people; a promise
The contract contained a restrictive covenant against building on the land.
UK specialized a formal agreement to pay a fixed sum of money regularly, especially to a charity

covenant

verb

v [T]
5% of our profits are covenanted to charity.

(Definition of covenant noun from the Cambridge Advanced Learner's Dictionary)
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