Indenture refers to a legal and binding agreement, contract, or document between two or more parties. A credit agreement usually carries a term of five years or less; an indenture's term is usually seven to ten years.Credit Agreement or Indenture for debt incurred or issued at any of its subsidiaries. See Holding Company. A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests. Like credit agreements,1 an Indenture contains lending and repayment terms. 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. Instead of a loan agreement, you will find a lease agreement or an installment sale agreement. The COPs are issued pursuant to an.