Deem
To hold; consider; adjudge; believe; condemn; determine; treat as if; construe.
To deem is to consider something as having certain characteristics. If an act is deemed a crime by law, then it is held to be a crime. If someone is deemed liable for damages, then he or she will have to pay them.
Additional topics
Law Library - American Law and Legal InformationFree Legal Encyclopedia: Deed of covenant to Direct Tax