Hand axe. The first published picture of a hand axe, drawn by John Frere in the year 1800. A hand axe is a prehistoric stone tool with two faces that is the longest-used tool in human history. It is usually made from flint or chert.
covenant(Noun) An agreement to do or not do a particular thing. covenant(Noun) A promise, incidental to a deed or contract, either express or implied. covenant(Noun) A pact or binding agreement between two or more parties. covenant(Noun) An incidental clause in an agreement.
Documentation. A covenant is spelled out in a loan agreement. It states the ratio the borrower must maintain during the life of the loan, for example, a DSCR of 1.20:1.00. It will define the covenant in the body of the document so there is no confusion as to the performance the lender expects.