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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.

These indentures will also be known as debentures in nonsecure, uncollateralized bond offerings. Usually, a credit indenture is used for the bond issuers and bondholders. It also specifies the main features of a bond, like its maturity date and the timing of interest payments.

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.

An indenture agreement is a contract between a bond issuer and bondholders. The indenture agreement is a technical document that covers all the provisions related to the bond and how the bond is managed daily. The agreement includes details relating to: Terms and conditions of the bonds. The exact date of maturity.

What Is a Trust Indenture? A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests by highlighting the rules and responsibilities that each party must adhere to. It may also indicate where the income stream for the bond is derived from.

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.

Many landowners also felt threatened by newly freed servants demand for land. The colonial elite realized the problems of indentured servitude. Landowners turned to African slaves as a more profitable and ever-renewable source of labor and the shift from indentured servants to racial slavery had begun.

Slavery did not end indentured servitude, in other words; the end of servitude gave rise to slavery.Over time, as the supply of enslaved Africans increased and their prices decreased, farmers and planters agreed that they preferred a slave for life to a servant who had the hope of freedom.

Indenture Contract: A legal document detailing an agreement between two parties (master and apprentice/servant) where one agrees to pay the debt of another in exchange for labor over a specified time period. Historically this type of contract applies to both servants and apprentices.

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.