UK Accounting Glossary
A signed written agreement between two or more parties (nations) to perform some action.
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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Definitions for Covenant are sourced/syndicated and enhanced from:
This glossary post was last updated: 15th February 2020.