Meaning of “covenant” in the English Dictionary

"covenant" in British English

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covenantnoun [ C ]

uk /ˈkʌv.ən.ənt/ us /ˈkʌv.ən.ənt/

a formal agreement or promise between two or more people:

The contract contained a restrictive covenant against building on the land.

UK specialized finance & economics a formal agreement to pay a fixed amount of money regularly, especially to a charity

verb [ T ] uk us

Five percent of our profits are covenanted to charity.

(Definition of “covenant” from the Cambridge Advanced Learner’s Dictionary & Thesaurus © Cambridge University Press)

"covenant" in American English

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covenantnoun [ C ]

us /ˈkʌv·ə·nənt/

(Definition of “covenant” from the Cambridge Academic Content Dictionary © Cambridge University Press)

"covenant" in Business English

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covenantnoun [ C or U ]

uk /ˈkʌvənənt/ us

LAW a part of a formal written agreement in which it is stated what must or must not be done, or in which someone promises to do or pay something:

The lease contains a covenant that no animals can be kept on the property.
Any loss of rent may be claimed as damages for breach of covenant (= failure to do as promised).

covenantverb [ I ]

uk /ˈkʌvənənt/ us

LAW to officially agree to do or not do something:

If business premises suffer serious fire damage the landlord usually covenants to reinstate the premises.

(Definition of “covenant” from the Cambridge Business English Dictionary © Cambridge University Press)