WORLD RELIGIONS

Detailed explanation-1: -A covenant is a formal agreement or promise, usually included in a contract or deed, to do or not do a particular act. Covenants are particularly relevant in the fields of contract law and property law. An example of a contractual covenant is a non-compete agreement.

Detailed explanation-2: -There are several covenants in the Bible, but five covenants are crucial for understanding the story of the Bible and God’s redemptive plan: the Noahic Covenant, the Abrahamic Covenant, The Mosaic Covenant, the Davidic Covenant and the New Covenant.

Detailed explanation-3: -What are covenants? It is a specific set of clauses or promises that borrowers agree to commit to for ensuring lenders that they are not lending the amount to an unworthy party. It builds a standard clause of the bond contracts and loan agreements and acts as a shield to protect the lender’s money.

Detailed explanation-4: -An agreement or promise to do or provide something, or to refrain from doing or providing something, which is meant to be binding on the party giving the covenant (who may be referred to as the “covenantor").