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.
The Greek word Î´Î¹Î±Î¸Î·ÎºÎ· (diatheke), usually translated âcovenantâ in English versions of the Bible, is a legal term denoting a formal and legally binding declaration of benefits to be given by one party to another, with or without conditions attached.ev. 26:15 ff. and Deut. 31:20), but this structural change in the covenant-revelation can be explained in connection with the wider promulgation â it is to extend to the whole nation of Israel â of the covenant, by means of which the covenant-relationship takes on a wider and more external meaning.