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Meaning of “deed of covenant” in the English Dictionary

"deed of covenant" in Business English

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deed of covenantnoun [C]

uk   us   (plural deeds of covenant)
LAW in the UK, a ​legaldocument in which a ​person or ​organization promises to ​pay a ​certainsum of ​moneyregularly to another ​person or ​organization over a ​fixedperiod of ​time: And if you give to ​charity, use a ​deed of ​covenant or Gift Aid so that your favourite cause can ​claim the ​tax back.
(Definition of deed of covenant from the Cambridge Business English Dictionary © Cambridge University Press)
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