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Steven，毕业于美国一流的高级翻译学院，专注翻译各种与政府政策有关的法律文件。