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Indentured servitude is a form of labor where an individual is under contract to work without a salary to repay an indenture or loan within a certain timeframe. Indentured servitude was popular in the United States in the 1600s as many European immigrants worked in exchange for the price of passage to America.

An indenture is a particular formal contract or deed made between two or more parties. Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance.

The term comes from the medieval English "indenture of retainer"[1] ? 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).

An indenture is a legal and binding contract usually associated with bond agreements, real estate, or bankruptcy. An indenture provides detailed information on terms, clauses, and covenants.

Each indentured labourer signed a 'girmit' or indenture contract. The labourer was agreeing to work for a plantation owner for the period of five years as a 'free labourer' and with 'mutual consent', in return for accommodation, food and medical attention.

The deeds which are made only by one party are known as Deed Poll and they are generally drafted in first person. Those deeds wherein there are two or more parties involved are called as Indentures.

Indenture Trustee Fees means the fees and expenses, including, without limitation, attorneys' and agents' fees, expenses and disbursements, incurred by the Indenture Trustee, prior to and after the Petition Date and through the Effective Date in ance with the terms of the related Indenture, which shall be an ...

Example of Indenture The agreement mentions that XYZ Inc. would maintain a debt-equity ratio of 2.0x throughout the tenure of the loan, and any breach would trigger the event. Therefore, the borrower (XYZ Inc.) and the lender (ABC Bank) agreed upon this condition of maintaining the debt-equity ratio above 2.0x.