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.
Define commitment: an agreement or pledge to do something in the future; especially : an engagement to assume a financial â¦ â commitment in a sentence an agreement or pledge to do something in the future; especially : an engagement to assume a financial obligation at a future dateâ¦