deed of covenant

A deed to do something, such as a document providing for periodic payments by one party to another (usu. a charity) for tax-saving purposes.

• The transferor can deduct taxes from the payment and, in some cases, the recipient can reclaim the deducted tax.

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词条贡献者

译者Frank，毕业于英国一流的高级翻译学院，擅长翻译涉及交通物流领域的法律文件。