/ ˈkʌvənənt; NAmE / noun
a promise to sb, or a legal agreement, especially one to pay a regular amount of money to sb/sth :
God's covenant with Abraham
a covenant to a charity
► cov·en·ant verb :
[ vn ]
All profits are covenanted to medical charities.
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WORD ORIGIN
Middle English : from Old French , present participle of covenir agree, from Latin convenire assemble, agree, fit, from con- together + venire come.