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English definition of “covenant”

covenant

noun [C] uk   /ˈkʌv.ən.ənt/ us  
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
covenant
verb [T] uk   us  
Five percent of our profits are covenanted to charity.
(Definition of covenant from the Cambridge Advanced Learners Dictionary & Thesaurus © Cambridge University Press)
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