The institution of money encompasses many formal organizations, including banks and government treasury departments and stock exchanges, which may be termed, institutions, as well as subjective experiences, which guide people in their pursuit of personal well-being.
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.
This article will provide a framework for understanding some of the important points about the biblical covenants. What does âcovenantâ mean? Its basic meaning is an agreement. In scriptural terms, it is an agreement between God and man, initiated by God. God chooses to reach out to man and offer him an agreement.