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

资深译员Ting，亚洲顶尖法学院国际贸易专业，擅长翻译各类与国际贸易委员会调查程序相关的法律文件。