Modern usage. Bond indenture (also trust indenture or deed of trust) is a legal document issued to lenders and describes key terms such as the interest rate, maturity date, convertibility, pledge, promises, representations, covenants, and other terms of the bond offering. What is a indenture in legal terms?
1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments.

What does it mean to indenture someone?

To be indentured is to be forced to work by some contract. It started out as a word for a contract between masters and apprentices. … Use the adjective indentured to describe someone who’s bound or attached in a legal sense. How do you use indenture in a sentence?
Indenture in a Sentence

  1. The attorney had his client to sign the indenture before officially beginning work on his case.
  2. A copy of the trust indenture can be found in a file with the company’s other legal contracts.

What is an indenture in banking?

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. What is the difference between an indenture and a deed?

As nouns the difference between indenture and deed is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.

Frequently Asked Questions(FAQ)

Why is it called indentured?

The term comes from the medieval English “indenture of retainer” — a legal contract written in duplicate on the same sheet, with the copies separated by cutting along a jagged (toothed, hence the term “indenture”) line so that the teeth of the two parts could later be refitted to confirm authenticity (chirograph).

What is a Warrant indenture?

A warrant indenture between a corporate issuer and a warrant agent providing for the issuance of warrants. This Standard Document has integrated drafting notes with important explanations and drafting and negotiating tips.

Is indentured servitude legal?

The 13th Amendment to the United States Constitution, which was passed after the Civil War, made indentured servitude illegal in the U.S. Today, it is banned in almost all countries.

Is an indenture the same as a mortgage?

Indenture of Mortgage means the registered mortgage deed to be executed by the Issuer for, inter alia, creation of mortgage over the immoveable property of the Issuer and assignment of its rights under the Project Documents in favour of the Security Trustee, in form and substance satisfactory to the Security Trustee.

What are the covenants of an indenture?

Did indentured servants get paid?

No, indentured servants did not get paid. In exchange for their labor, they received nominal food and board.

How do you use dissenter in a sentence?

Dissenter sentence example He later became a dissenter , throwing over his original intention of going to Oxford University. The lone dissenter to leave the world’s fastest growing.

What is a sentence for Indentureship?

noun. ‘Their will to survive, no matter the obstacles, was pivotal in releasing them from the physical and psychological bondage that characterised indentureship. ‘ ‘Oh well one could hold out hope that they were selling themselves into some sort of indentureship and this would be the last episode.

How do you use middle passage in a sentence?

Middle passage in a Sentence 1. The historian explained that the slave route from Africa to the Americas is known as the middle passage. 2. From 1502 to 1866, over 11 million slaves were transported by ship along the Atlantic middle passage.

Is an indenture A security?

A trust indenture is legal and binding bond contract made between a bond issuer and a trustee to protect the bondholder’s interests. … It also delineates the amount of additional debt the issuer can assume, and the circumstances and procedures in case of issuer default.

What is the difference between indenture and prospectus?

Although it may be easier reading, the prospectus is a summary description of the terms and conditions of the issue, whereas the indenture is the actual legal document by which the issuer is beholden to the bondholders.

What does an indenture trustee do?

A person that manages the relationship between an issuer and holders of the issuer’s securities, usually when those securities have features requiring more administrative involvement than in the case of equity securities such as, for example, debt obligations or warrants.

What does land indenture mean?

An indenture is a legal contract between two parties, particularly for indentured labour or a term of apprenticeship but also for certain land transactions. … a type of real property deed in which two parties agree to continuing mutual obligations.

What are the types of conveyance?

There are three types of voluntary conveyance:

What is difference between deed poll and indenture?

TYPES OF DEED a conveyance would be an Indenture – one party wanting to sell and one party to buy, so two different intentions); and. A Deed Poll – being a deed made by and expressing the intention of 1 party only, or made by 2 or more persons joining together to express a common intention (ie.

Who were the first indentured servants in America?

In 1619 the first black Africans came to Virginia. With no slave laws in place, they were initially treated as indentured servants, and given the same opportunities for freedom dues as whites.

What is the difference between slavery and indentureship?

A slave is a person who is from Africa is enslaved and worked for people in the colonies. A indentured servant are people who agreed to work for a person in the colonies. They are from Europe. They both had a trip, worked for a period of time, and lived with a family.

What is supplemental indenture?

Supplemental Indenture means any indenture hereafter duly authorized and entered into between the Authority and the Trustee, supplementing, modifying or amending this Indenture; but only if and to the extent that such Supplemental Indenture is specifically authorized hereunder.

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