deed of covenant


deed of covenant
A former legal document enabling a person to obtain tax relief on regular annual payments to a charity. From 2000 it was replaced by the gift aid system.

Accounting dictionary. 2014.

Look at other dictionaries:

  • deed of covenant — noun A legal agreement in which a person promises to pay a fixed sum (to another person or organization) for an agreed period of time, enabling the payer to deduct tax from the total payment • • • Main Entry: ↑deed * * * deed of covenant UK US… …   Useful english dictionary

  • deed of covenant — ˌdeed of ˈcovenant noun deeds of covenant PLURALFORM [countable] LAW TAX in Britain, a formal agreement to make regular payments to a charity so that the charity avoids paying income tax: • If you use your Deed of Covenant form, every £1 you give …   Financial and business terms

  • deed of covenant — ► NOUN Brit. ▪ an agreement to pay a regular amount of money, particularly when this enables the recipient to reclaim any tax paid by the donor on the amount …   English terms dictionary

  • deed of covenant — UK / US noun [countable] Word forms deed of covenant : singular deed of covenant plural deeds of covenant legal British an agreement to pay an amount of money to someone every month or year that allows them to get the tax paid on that money too… …   English dictionary

  • deed of covenant — noun Brit. an agreement to pay a regular amount of money, particularly when this enables the recipient (typically a charity) to reclaim any tax paid by the donor on the amount …   English new terms dictionary

  • deed of covenant — A former legal document enabling a person to obtain tax relief on annual payments to a charity. From 2000 it was replaced by the gift aid system …   Big dictionary of business and management

  • deed of covenant — /ˌdi:d əv kʌvənənt/ noun a signed legal agreement by which someone agrees to certain conditions, such as the payment of a certain sum of money each year …   Dictionary of banking and finance

  • EMTN deed of covenant — England, United Kingdom, Wales A standard form deed of covenant for use in the establishment of an EMTN programme. Practical Law Dictionary. Glossary of UK, US and international legal terms. www.practicallaw.com. 2010 …   Law dictionary

  • covenant — cov·e·nant / kə və nənt/ n 1: an official agreement or compact an international covenant on human rights 2 a: a contract in its entirety or a promise within a contract for the performance or nonperformance of a particular act a covenant not to… …   Law dictionary

  • deed — 1 n 1: something done: act (1) my free act and deed 2: a written instrument by which a person transfers ownership of real property to another see also deliver …   Law dictionary