Indenture definition

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.

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.

(finance) A document containing the terms under which bonds are issued.

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

A contract binding one party into the service of another for a specified term.

A deed executed by more than one party.

An instrument or agreement specifying the terms of a bond or trust.

To bind into the service of another by indenture.

A written contract or agreement: originally, it was in duplicate, the two copies having correspondingly notched edges for identification.

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.

An official, authenticated list, inventory, etc.

To bind by indenture.

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.

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.

An indentation.

To bind a person under such a contract.