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People also ask
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What is the legal definition of indenture?
An indenture is a particular formal contract or deed made between two or more parties. Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance.
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What does indenture mean on a deed?
An indenture is a legal and binding contract usually associated with bond agreements, real estate, or bankruptcy. An indenture provides detailed information on terms, clauses, and covenants.
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How does an indenture work?
The indenture typically: (1) clearly describes and defines the issued debt securities; (2) specifies the rights of the parties, including the duties of the trustee as a third-party administrator; (3) sets forth the borrower's obligation to make payments; and (4) outlines the remedies available to the noteholders if the ...
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What is the concept of indenture?
An indenture is a legal contract between two parties, whether for indentured labour or a term of apprenticeship or for certain land transactions.
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How do you use indenture in a sentence?
On the completion of his indenture, he continued to attend night school. The apprenticeship indentures were signed by the guild master and the apprentice's guardian.
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What is an example of an indenture?
Example: A borrower issues a bond financing to fund a project. The project's revenues will be used to pay the investors their principal and interest payments, that is, the debt service payments.
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What is an indenture of an agreement?
: a contract by which one person is made to work for another for a stated period. often used in plural. indenture. 2 of 2 verb.
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What is an example of a bond indenture?
Example: A borrower issues a bond financing to fund a project. The project's revenues will be used to pay the investors their principal and interest payments, that is, the debt service payments.
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