Accepting a Covenant

What is the difference to accept a covenant vs. covenanting?

Websters (1828) defines COVENANT, v.i. To enter into a formal agreement; to stipulate; to bind ones self by contract.

When I convenant, I bind myself to a solemn agreement previously stiputated.

The noun COVENANT is defined:

COVENANT, n. [L, to come; a coming together; a meeting or agreement of minds.]

1. A mutual consent or agreement of two or more persons, to do or to forbear some act or thing; a contract; stipulation. A covenant is created by deed in writing, sealed and executed; or it may be implied in the contract.... 4. In church affairs, a solemn agreement between the members of a church, that they will walk together according to the precepts of the gospel, in brotherly affection.

What does it mean to ACCEPT a COVENANT?

ACCEPT is defined as:

1. To take or receive what is offered, with a consenting mind; to receive with approbation or favor.

2. To regard with partiality; to value or esteem.

3. To consent or agree to; to receive as terms of a contract; as, to accept a treaty; often followed by of.

4. To understand; to have a particular idea of; to receive in a particular sense.

When I covenant, I bind myself to the stated agreement. When I hear the covenant and then accept the convenant rather than actually convenant, a slightly different thing happened.