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.
pledge (plural pledges) A solemn promise to do something. Something given by a person who is borrowing money etc to the person he has borrowed it from, to be kept until the money etc is returned. A person who has taken a pledge of allegiance to a college fraternity, but is not yet formally approved.