{i} contract which binds a person to serve another for a specified period of time; written agreement made in duplicate; deed, contract, agreement; indentation
Agreement between lender and borrower that details specific terms of the bond issuance Specifies legal obligations of bond issuer and rights of bondholders An indenture spells out the specific terms of a bond, as well as the rights and responsibilities of both the issuer of the security and the holder
a contract binding one party into the service of another for a specified term formal agreement between the issuer of bonds and the bondholders as to terms of the debt bind by or as if by indentures, as of an apprentice or servant; "an indentured servant
A formal agreement between an issuer of bonds and the bondholder The agreement covers such areas as (1) form of the bond, (2) amount of the issue, (3) any property pledged, (4) protective covenants, and (5) any redemption rights or call privileges
(1) A mutual agreement in writing between or among two or more parties whereof usually each party has a counterpart or duplicate; originally so called because the parts were indented by a notched cut or line so that the two parts could be fitted together (2) A legal document prepared in connection with a bond issue describing the terms of the issue, such as a security, maturity date, interest rate, and remedies in case of default
A deed, contract, or sealed agreement between two or more parties A contract by which a person is bound over for services, usually for a stated timeframe
For debt securities, the contract that specifies all legal obligations of the issuer with respect to the securities and any qualifications or restrictions that may exist The indenture names a trustee which holds the indenture, supervises payments of principal and interest to the security holders, and acts on behalf of the holders in the event of a default or other violation of the indenture's provisions
A deed or contract which may be in the form of a Bond resolution and sets forth the legal obligations of the Issuer with respect to the securities and names a Trustee who holds funds and security under the Indenture, makes payment of principal and interest to the security holders and acts on behalf of the holders in the event of a default
~ The legal document relating to and defining all of the legal aspects of a bond issue The terms of the indenture are binding on the issuer for as long as the bond issue is outstanding and not refunded or defeased The Bond Trustee monitors compliance with the terms of the indenture on behalf of the bondholders of the issue
Etymology: Middle English endenture, from Middle French, from endenter (1) a document or a section of a document that is indented (2) a formal or official document usually executed in two or more copies (3) a contract binding one person to work for another for a given period of time -- usually used in plural (4) a formal certificate (as an inventory or voucher) prepared for purposes of control (5) a document stating the terms under which a security (as a bond) is issued
~ The legal document relating to and defining all of the legal aspects of a bond issue The terms of the indenture are binding on the issuer for as long as the bond issue is outstanding and not refunded or defeased The Bond Trustee monitors compliance with the terms of the indenture on behalf of the bondholders of the issue
Agreement between lender and borrower which details specific terms of the bond issuance Specifies legal obligations of bond issuer and rights of bondholders
(historically) the legal agreement between an apprentice and an employer under which the apprentice was bound to the employer for a specified period in return for the training received; superseded by contract of training or training agreement
an old legal term, an indenture is another word for a deed or even a contract such as for apprenticeship The word comes from the Latin for "toothlike" and refer to the fact that originally it was a document which came in two parts and the toothed serrations or tear could be matched up to prove it was the same document