define: covenant
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Covenant (law) A covenant is a type of contract in which the covenantor makes a promise to a covenantee to do (affirmative covenant) or not do some action (negative covenant). In real property law, the term real covenants is used for conditions tied to the use of land.
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Chinchilla Facts Each hair ends in a black tip, no matter what color the chinchillas are. First appearing around 41 million years ago, the chinchilla's ancestors were some of the first rodents to infest South America. Chinchilla fur became popular in the 1700s, and the animals were hunted nearly to extinction by 1900.
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- • COVENANT (noun). The noun COVENANT has 2 senses: 1. a signed written agreement between two or more parties (nations) to perform some action. 2. (Bible) an agreement between God and his people in which God makes certain promises and requires certain behavior from them in return.
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- ‘there was a covenant between them that her name was never to be mentioned’ More example sentences ‘This covenant belongs to the community as much as it belongs to the man and woman who enter it.’ ‘These covenants and conditions run with the property.’ ‘Conservation covenants will cover areas with sensitive eco-systems in the woodland and wetlands sectors.’
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debt covenants - Investment & Finance Definition Restrictions that are put on a borrower by the bank or other entity that granted the loan. The restrictions might specify that a certain level of sales or profits be generated or might limit the company’s ability to take on other debt. If debt covenants are broken, often the loan becomes due immediately. 1  Link/Cite. 2  Home.
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What are debt covenants? Debt covenants are used to solve the agency problems among the management (i.e., of the borrowing company), debt holders, and shareholders that arise due to the differences in the objectives of the borrower and the lender. Debt covenants can be either positive or negative. Negative debt covenants state what the borrower cannot do and may include the following: 1  Incur additional long-term debt (or require that additional borrowing be subordinated to the original indenture).
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- 1. a signed written agreement between two or more parties (nations) to perform some action. 2. (Bible) an agreement between God and his people in which God makes certain promises and requires certain behavior from them in return. Familiarity information: COVENANT used as a noun is rare.
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What Is A Covenant? What Is A Covenant? by Lambert Dolphin. Introduction. The Hebrew word berith, covenant,* occurs over 280 times in the Old Testament. (The English word covenant means a coming together.) Covenants can include treaties, alliances, agreements, compacts, pledges, mutual agreements, promises, and undertakings on behalf of another.
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Definitions &Translations bargain, deal-an agreement between parties (usually arrived at after discussion) fixing obligations of each; he made a bargain with the devil; he rose to prominence through a series of shady deals.
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What Are Covenants in Accounting? Documentation. A covenant is spelled out in a loan agreement. It states the ratio the borrower must maintain during the life of the loan, for example, a DSCR of 1.20:1.00. It will define the covenant in the body of the document so there is no confusion as to the performance the lender expects.
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Restrictive covenants A restrictive covenant is a private written agreement between landowners to restrict the use or development of land for the benefit of other land. The land where the restrictions apply is called the ' burdened ' land. The land that benefits from the restrictions on the burdened land is called the ' benefited ' land. covenant that limits the use and development of a lot to a single house is a common type of restrictive covenant. Covenants that restrict the type of building materials that can be used for new buildings and fences are also common.
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- The definition of a covenant is an agreement between members to do a specific thing. An example of covenant is a peace treaty among multiple countries. covenant. covenant.
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What are debt covenants? Definition of debt covenants, positive and negative covenants Debt covenants are restrictions in debt agreements (indentures) that aim to protect the lender (creditor, debt holder, or investor) by restricting the activities of the borrower (debtor). Debt covenants benefit both the lender and the borrower:
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What is COVENANT? Covenants are usually joint or several according as the interests of the covenantees are such; but the words of the covenant, where they are unambiguous, will decide, although, where they are ambiguous, the nature of the interests as being joint or several is left to decide.
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Definition of Protective covenant Definition of Protective covenant. A part of the indenture or loan agreement that limits certain actions a company takes. during the term of the loan to protect the lender's interests. Restriction on a firm to protect bondholders. A bond covenant that specifies certain actions the firm must take. A contractual provision in a bond indenture. A positive covenant requires certain actions, and. a negative covenant limits certain actions.
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oath The oath taken in the presence of the people becomes a mutual covenant. United States Presidents' Inaugural Speeches Various With an oath he turned on his heel and made for the uplands.
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COVENANT - 4th. To make a covenant it must, according to the definition above given, be by deed or under seal. No particular form of words is necessary to make a covenant, but any words which manifest the intention of the parties, in respect to the subject matter of the contract, are sufficient.
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alliance The definition of an alliance is a relationship forged between two or more individuals or groups that works as a positive for both parties involved. An example of an alliance is when a some neighbors start talking, and decide to form a group to work towards building a safe community.
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- ברית (berith) is also translated “covenant” in English versions, but, like διαθηκη, it also refers to legal dispositions or pledges which may or may not have the character of an “agreement.” Sometimes a ברית is more in the nature of a one-sided promise or grant.he Greek word διαθηκη (diatheke), usually translated “covenant” in English versions of the Bible, is a legal term denoting a formal and legally binding declaration of benefits to be given by one party to another, with or without conditions attached.
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- The Greek word διαθηκη (diatheke), usually translated “covenant” in English versions of the Bible, is a legal term denoting a formal and legally binding declaration of benefits to be given by one party to another, with or without conditions attached.he Greek word διαθηκη (diatheke), usually translated “covenant” in English versions of the Bible, is a legal term denoting a formal and legally binding declaration of benefits to be given by one party to another, with or without conditions attached.
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Covenant (law) Covenant (law) A covenant, in its most general sense and historical sense, is a solemn promise to engage in or refrain from a specified action. Under historical English common law a covenant was distinguished from an ordinary contract by the presence of a seal. Because the presence of a seal indicated an unusual solemnity in the promises made in a covenant, the common law would enforce a covenant even in the absence of consideration. In United States contract law, an implied covenant of good faith is presumed.
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deed of trust translation | English-Spanish dictionary 2 (Jur) escritura f. deed of covenant documento contractual mediante el que una persona se compromete a donar cantidades regulares de dinero a una entidad benéfica documento contractual mediante el que una persona se compromete a donar cantidades regulares de dinero a una entidad benéfica.
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Cambridge Histories Online Â© Cambridge University Press, 2008 1.Introduction: The Meaning of The Word. The word ‘covenant’ is, in the Old Testament the Hebrew word ‘berith’ and is used some 286. times in various contexts. Whilst its active meaning is not difficult to understand from its. contexts, yet the exact meaning of the term is not easy to ascertain.
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- Define covenant: a usually formal, solemn, and binding agreement : compact — covenant in a sentence a usually formal, solemn, and binding agreement : compact… See the full definition
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All You Need to Know About Covenants Creating a Covenant. Covenants are usually contained in the same document that transfers ownership of a property from a seller to a buyer, so a TR1/TR2 (transfer of whole) or a TP1/TP2 (transfer of part) or prior to these forms becoming compulsory, a conveyance or transfer.
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- Covenants in borrowing agreements that give lenders a voice in their borrower's activities are designed to ensure that the borrower acts prudently in financial matters and places a high priority on the repayment of the debt not to permit the lender to substitute its judgment for the borrower's in technical aspects of the borrower's business.