Indenture

Indenture
Agreement between lender and borrower which details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders. The New York Times Financial Glossary

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indenture in‧den‧ture [ɪnˈdentʆə ǁ -ər] noun [countable]
1. FINANCE a legal agreement between an organization that borrows money by Issuing bonds (= making them available), and the lenders, stating the interest, the date they will be repaid etc:

• The homebuilder said it made the interest payments last June in stock, not cash, as allowed by the indentures for the debt.

2. LAW a legal agreement, especially one in former times between an employer and an apprentice (= a young person who receives training from an employer to do a particular job), stating the terms of the worker's employment

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indenture UK US /ɪnˈdentʃər/ noun [C]
FINANCE a written agreement that states the rights and responsibilities of a company that sells a bond and someone who buys it: »

The securities were issued under an indenture, dated as of June 1, 2009.

»

an indenture trustee.

especially in the past, a formal agreement that someone will work for someone else for a particular length of time, especially in order to learn a job: »

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.


Financial and business terms. 2012.

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  • indenture — in·den·ture /in den chər/ n [Old French endenture an indented document, from endenter to indent (divide a document into sections with irregular edges that can be matched for authentication), from en thoroughly + dent tooth] 1: a document stating… …   Law dictionary

  • Indenture — In*den ture, v. t. [imp. & p. p. {Indentured}; p. pr. & vb. n. {Indenturing}.] [1913 Webster] 1. To indent; to make hollows, notches, or wrinkles in; to furrow. [1913 Webster] Though age may creep on, and indenture the brow. Woty. [1913 Webster]… …   The Collaborative International Dictionary of English

  • indenture — Any deed, written contract or sealed agreement. (Dictionary of Canadian Bankruptcy Terms) Under Title 11 U.S.C. Section 101: (28) The term indenture means mortgage, deed of trust, or indenture, under which there is outstanding a security, other… …   Glossary of Bankruptcy

  • indenture — (n.) contract for services, late 14c., from Anglo Fr. endenture, O.Fr. endenteure indentation, from endenter (see INDENT (Cf. indent)). Such contracts (especially between master craftsmen and apprentices) were written in full identical versions… …   Etymology dictionary

  • indenture — ► NOUN 1) a formal agreement, contract, or list, formerly one of which copies with indented edges were made for the contracting parties. 2) an agreement binding an apprentice to a master. 3) historical a contract by which a person agreed to work… …   English terms dictionary

  • indenture — [in den′chər] n. [ME endenture < OFr & < ML indentura: see INDENT1: now used also as if < INDENT2] 1. Now Rare INDENTATION 2. a written contract or agreement: originally, it was in duplicate, the two copies having correspondingly notched …   English World dictionary

  • Indenture — In*den ture (?; 135), n. [OE. endenture, OF. endenture, LL. indentura a deed in duplicate, with indented edges. See the Note below. See {Indent}.] [1913 Webster] 1. The act of indenting, or state of being indented. [1913 Webster] 2. (Law) A… …   The Collaborative International Dictionary of English

  • Indenture — In*den ture, v. i. To run or wind in and out; to be cut or notched; to indent. Heywood. [1913 Webster] …   The Collaborative International Dictionary of English

  • indenture — /indentyar/ In business financing, a written agreement under which bonds and debentures are issued, setting forth form of bond, maturity date, amount of issue, description of pledged assets, interest rate, and other terms. Typically, the contract …   Black's law dictionary

  • indenture — /indentyar/ In business financing, a written agreement under which bonds and debentures are issued, setting forth form of bond, maturity date, amount of issue, description of pledged assets, interest rate, and other terms. Typically, the contract …   Black's law dictionary

  • Indenture — NOTOC An Indenture is a legal contract between two parties, particularly for indentured labour or a term of apprenticeship but also for certain land transactions. The term comes from the medieval English indenture of retainer cite… …   Wikipedia

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