Yes, a covalent compound is also known as a molecular compound. Covalent compounds are formed when two or more non-metal atoms share electrons in order to achieve a stable electron configuration. The sharing of electrons results in the formation of covalent bonds between the atoms, and these bonds hold the atoms together to form molecules.

Examples:

- `H_2O` (Water)

- `CO_2` (Carbon dioxide)

- `CH_4` (Methane)