Indenture DOC For Free

A contract wherein someone agrees to work for you for two years if you help him come to America is an example of indenture.When you give someone a loan in exchange for him signing a contract to work for you for a given period of time, this is an example of when you indenture him.

A written agreement between the issuer of debt securities (such as bonds, notes, or debentures) and the trustee for the debt securities acting as a representative of the securityholders that specifies the terms and conditions of the debt securities, including the interest rate, maturity, any redemption terms, timing,

Is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.

Congress passed the Trust Indenture Act of 1939 to protect bond investors. It prohibits the sale of any debt securities in a public offering unless they are issued under a qualified indenture.With the act, trustees are required to make a list of the investors available so they can communicate with each other.

Indenture is a term that originated from England. In the U.S., there can be several types of indentures, all typically involved with debt agreements, real estate, or bankruptcy.

Although it may be easier reading, the prospectus is a summary description of the terms and conditions of the issue, whereas the indenture is the actual legal document by which the issuer is beholden to the bondholders.

1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments.