covenantee
- The individual or organization to which an agreement or pledge is given in the shape of a covenant
- In the contract, the landlord is the covenantee who receives the tenant's pledge to pay rent on time.
- The covenantee, being the recipient of the covenant, has legal rights to pursue damages if the covenant is broken.
- The bank became the covenantee when the borrower promised to repay the loan in the signed agreement.
Provide Feedback
