Indenture refers to a legal and binding agreement, contract, or document between two or more parties. An indenture agreement is a legally binding document or contract that establishes terms and conditions between two or more parties.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. A mortgage indenture is a final agreement between a lender and a borrower that sets the terms and conditions of a loan agreement between them. An indenture is a deed with more than one party. THIS BOND TRUST INDENTURE AND SECURITY AGREEMENT (the. A). Apprenticeship was a common means of training artisans in the colonies. An indenture, signed at the closing of the issuance of the notes, is a contract between the issuer of the notes, any guarantors of the debt and the trustee. The contract called an "indenture", may be entered voluntarily for a prepaid lump sum, as payment for some good or service (e.g. Upon completing his indenture, he continued to design and construct houses and public buildings on the Northern Neck of Virginia and in Annapolis, Maryland.