Section 157-16 - Provisions of bonds, trust indentures, and mortgages. INTRODUCTION: These guidelines are provided to assist Broker and attorneys who are completing the Offer to Purchase and.INDENTURE, conveyancing. An indenture agreement is a legally binding document or contract that establishes terms and conditions between two or more parties. Check out our indenture selection for the very best in unique or custom, handmade pieces from our memorabilia shops. A deed is a document evidencing an interest in real property. When you buy land you get a deed. When the agreement was made before a court of law a tripartite indenture was made, with the third piece kept at the court. Browse Legal Terms. n. "Sale" or "sell" includes every contract of sale of, contract to sell, or disposition of, a security or interest in a security for value. b.