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As the society takes a step away from office work, the completion of documents increasingly happens electronically. The this indenture made and entered into this form isn’t an any different. Dealing with it utilizing digital means is different from doing so in the physical world.
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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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