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.
Here the meaning of a covenant is clearly explained, that it is the love and faith in the Lord which is with those who are to be regenerated. [4] And again in Jeremiah, love is called the covenant of the day, and faith the covenant of the night (Jeremiah 33:20).hat a covenant signifies nothing else than regeneration and the things pertaining to regeneration, is evident from various passages in the Word where the Lord Himself is called the Covenant, because it is He alone who regenerates, and who is looked to by the regenerate man, and is the all in all of love and faith.