This form is a Release and Cancellation of Trust Agreement / Trust Indenture. All liens and encumberances created thereby are certified to be satisfied and released. Adapt to fit your circumstances.
Indenture Meaning With Examples In King
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Reid was to receive “sufficient meat Drink and Lodging” for five years and “be taught the Art and Mystery of a merchant.” In exchange, he and his father pledged that Reid would “gladly every where obey” Livingston's “lawfull Commands” and “do no damage to his said Master,” and “not Contract Matrimony” or “absent ...
In real estate, an indenture is a deed in which two parties agree to continuing obligations. For example, one party may agree to maintain a property and the other may agree to make payments on it.
The Indenture pledges certain revenues as security for repayment of the Bonds. The Trustee agrees to act on behalf of the holders of the Bonds and to represent their interests.
: a written agreement : contract. 2. : a contract by which one person is made to work for another for a stated period. often used in plural. indenture.
Indenture. n. a type of real property deed in which two parties agree to continuing mutual obligations. One party may agree to maintain the property, while the other agrees to make periodic payments. 2) a contract binding one person to work for another.
: required by contract to work for another for a certain period of time.
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).
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Indenture refers to a legal and binding agreement, contract, or document between two or more parties. An indenture is a legal contract that reflects an agreement between two parties.Although the term is most familiarly used to refer to a labor contract. An indenture agreement is a legally binding document or contract that establishes terms and conditions between two or more parties. Indenture refers to a legal agreement, deed, or contract signed between two or more parties. The meaning of INDENTURE is a document or a section of a document that is indented. How to use indenture in a sentence. Indentured servitude is a form of labor in which an individual is under contract to work without a salary for a certain timeframe to repay a loan. As noted above, the two chief divisions into which all law deeds may be roughly classified are the deedpole and the indenture. (This means the indenture trustee has banking powers.