Define: Covenant

UK Accounting Glossary

Definition: Covenant


Quick Summary of Covenant


A signed written agreement between two or more parties (nations) to perform some action.



What is the dictionary definition of Covenant?

Dictionary Definition


  1. An agreement to do or not do a particular thing.
  2. A promise, incidental to a deed or contract, either express or implied.
  3. A pact or binding agreement between two or more parties.
  4. An incidental clause in an agreement.
  5. To enter into, or promise something by, a covenant
  6. To enter a formal agreement.
  7. To bind oneself in a contract.
  8. To make a stipulation.
  • legal An agreement to do or not do a particular thing.
  • legal A promise, incidental to a deed or contract, either express or implied.
  • A pact or binding agreement between two or more parties.

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Full Definition of Covenant


Covenant is an agreement or promise in the form of a deed binding on one or both parties to it to perform or not to perform certain actions.

Covenants associated with housing may restrict what you may do with your property or they may require you to do certain things.

Covenants associated with the payments of monies may carry tax advantages.


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Cite Term


To help you cite our definitions in your bibliography, here is the proper citation layout for the three major formatting styles, with all of the relevant information filled in.

Page URL
https://payrollheaven.com/define/covenant/
Modern Language Association (MLA):
Covenant. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. March 28, 2020 https://payrollheaven.com/define/covenant/.
Chicago Manual of Style (CMS):
Covenant. PayrollHeaven.com. Payroll & Accounting Heaven Ltd. https://payrollheaven.com/define/covenant/ (accessed: March 28, 2020).
American Psychological Association (APA):
Covenant. PayrollHeaven.com. Retrieved March 28, 2020, from PayrollHeaven.com website: https://payrollheaven.com/define/covenant/

Definition Sources


Definitions for Covenant are sourced/syndicated and enhanced from:

  • A Dictionary of Economics (Oxford Quick Reference)
  • Oxford Dictionary Of Accounting
  • Oxford Dictionary Of Business & Management

This glossary post was last updated: 15th February 2020.