Indenture meaning

ĭn-dĕn'chər
The description of indenture is a written contract of agreement, especially one in which one party is bound to work for another for a given period of time.

A contract wherein someone agrees to work for you for two years if you help him come to America is an example of indenture.

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Indenture is defined as to bind or commit someone to work for you, usually using some type of legal contract.

When you give someone a loan in exchange for him signing a contract to work for you for a given period of time, this is an example of when you indenture him.

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A contract binding one party into the service of another for a specified term.
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A document separated into portions so as to create indentations that allow the holders of the separate portions to match up in order to confirm authenticity.
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To bind into the service of another by indenture.
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noun
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A written contract or agreement: originally, it was in duplicate, the two copies having correspondingly notched edges for identification.
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A contract binding a person to work for another for a given length of time, as an apprentice to a master, or an immigrant to service in a colony.
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An official, authenticated list, inventory, etc.
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A document containing the terms under which bonds are issued.
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To bind by indenture.
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verb
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A written agreement between a company and its lender that spells out the terms of the debt issue. The terms include the amount of bonds issued and their type, the interest rate that is paid, a description of the property that is being used as collateral, repayment provisions, and call provisions in the event that a company wants to redeem the bond before it matures. The indenture also lists any financial covenants that the company has to follow, such as maximum debt level ratios or minimum cash flow.
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A document such as a mortgage or deed of trust, which provides for security for a financial obligation, and which sets forth essential terms such as interest rate and due date or maturity date.
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(law) A contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice).
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(law) A document, written as duplicates separated by indentations, specifying such a contract.
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An indentation.
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To bind a person under such a contract.
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To indent; to make hollows, notches, or wrinkles in; to furrow.

Though age may creep on, and indenture the brow.

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Origin of indenture

  • Middle English endenture a written agreement from Anglo-Norman from endenter to indent (from the matching notches on multiple copies of the documents) indent1
    From American Heritage Dictionary of the English Language, 5th Edition
  • Anglo-Norman endenture, from Old French endenteure, from endenter.
    From Wiktionary