English version

deed of covenant

From Longman Business Dictionarydeed of covenantˌdeed of ˈcovenant noun (plural deeds of covenant) [countable]LAWTAX in Britain, a formal agreement to make regular payments to a CHARITY so that the charity avoids paying income taxIf you use your Deed of Covenant form, every £1 you give becomes £1.28, and your gift can work even harder.
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