Covenant

Definition

• A formal and binding agreement made in a contract or property deed.

Synonyms
agreement, legal contract, pledge

Related Terms and Acronyms

• Certificate of Sale — Definition,
  • An affidavit issued at a judicial or tax sale that entitles the buyer to the deed to the property purchased after court confirmation.
• Contract — Definition,
  • An agreement between two or more parties that can be enforced by law.
• Contract For Deed (CFD) — Acronym,
  • An agreement for sale of property in which the buyer takes possession while making payments, but the seller holds title until full payment is made. Also called a land contract.
• Deed (D) — Acronym, Very Important,
  • A document that provides title to property and is filed with a country recorder.
  ➥ Used to transfer ownership of assets, often land or automobiles.
• Guarantee — Definition,
  • An enforceable warranty on the promise of quality of a product or formal promise by one person to take responsibility for the debts or obligations of another person if that person fails to meet them.
• Non-Disclosure Agreement (NDA) — Acronym,
  • A contract that disallows one or more parties from disclosing information covered by the contract.
• Oral Agreement — Definition,
  • A spoken, unwritten legal agreement, worth the paper it's printed on.