What Is an Indenture? Indenture refers to a legal and binding agreement, contract, or document between two or more parties. Traditionally, these documents featured indented sides or perforated edges.

What were the terms of indenture?

Bond indenture (also trust indenture or deed of trust) is a legal document issued to lenders and describes key terms such as the interest rate, maturity date, convertibility, pledge, promises, representations, covenants, and other terms of the bond offering.

What are the examples of indenture?

A contract wherein someone agrees to work for you for two years if you help him come to America is an example of indenture. Indenture is defined as to bind or commit someone to work for you, usually using some type of legal contract.

Is an indenture the same as a mortgage?

At its simplest, an indenture is an agreement that declares benefits and obligations between two or more parties. In bankruptcy law, for example, it is a mortgage or deed of trust that constitutes a claim against a debtor. The most common usage of indenture appears in the bond market.

What is the difference between an indenture and a deed?

As nouns the difference between indenture and deed

is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.

What is an indenture in property law?

A written agreement between the issuer of debt securities (such as bonds, notes, or debentures) and the trustee for the debt securities acting as a representative of the securityholders that specifies the terms and conditions of the debt securities, including the interest rate, maturity, any redemption terms, timing,

How was slavery different from indentured servitude?

Indentured servitude differed from slavery in that it was a form of debt bondage, meaning it was an agreed upon term of unpaid labor that usually paid off the costs of the servant’s immigration to America. Indentured servants were not paid wages but they were generally housed, clothed, and fed.

Do indentured servants get paid?

No, indentured servants did not get paid. In exchange for their labor, they received nominal food and board.

What is a synonym for indentured?

In this page you can discover 6 synonyms, antonyms, idiomatic expressions, and related words for indentured, like: obligated, bound, enslaved, apprenticed, contracted and articled.

What does indenture of lease mean?

Indenture Agreements means the Participation Agreement, the Lease, the Purchase Agreement, the Purchase Agreement Assignment, the Consent and Agreement, the Bills of Sale and any other contract, agreement or instrument from time to time assigned or pledged under the Trust Indenture.

What is an indenture loan?

Definition: An indenture is a legally binding bond or loan document in which two parties agree on a set of conditions and loan terms requiring the borrower to pay the lender a series of principle and interest payments over time.

How do you use indenture in a sentence?

Indenture in a Sentence
The attorney had his client sign the indenture before officially beginning work on his case.A copy of the trust indenture can be found in a file with the company’s other legal contracts.

What is an indenture in conveyancing?

Indenture of Conveyance is effectively just an old fashioned alternative name for a conveyance. A Transfer Deed is the document by which the sale of a parcel of registered land is effected. In practice, the transfer deed is a Land Registry pro-forma.

What is a trust indenture real estate?

A trust indenture is a legal and binding contract that is created to protect the interests of bondholders. The trustee’s name and contact information is included in the document, which highlights the terms and conditions that the issuer, lender, and trustee must adhere to during the life of the bond.

What is a Warrant indenture?

A warrant indenture between a corporate issuer and a warrant agent providing for the issuance of warrants. This Standard Document has integrated drafting notes with important explanations and drafting and negotiating tips.

What is sale indenture?

Indenture Of Sale. An indenture is a legal contract that reflects or covers a debt or purchase obligation. It specifically refers to two types of practices: in historical usage, an indentured servant status, and in modern usage, it is an instrument used for commercial debt or real estate transaction.

What is the difference between a bond agreement and a bond indenture?

An indenture agreement is a contract between a bond issuer and bondholders. The indenture agreement is a technical document that covers all the provisions related to the bond and how the bond is managed daily. The agreement includes details relating to: Terms and conditions of the bonds.

What is a bond indenture and what are some of the important features?

What is a Bond Indenture? A bond indenture is the contract associated with a bond. The terms of a bond indenture include a description of the bond features, restrictions placed on the issuer, and the actions that will be triggered if the issuer fails to make timely payments.