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Bond Indenture

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Bond indenture
Contract that sets forth the promises of a bond issuer and the rights of investors.

Indenture
A contract for a bond. An indenture sets the terms of the bond; for example, it includes the coupon rate, the period until maturity, and whether the bond comes with any special features like convertibility or whether it is callable. All bonds must have an indenture. Indentures are usually summarized in a bond's prospectus.

bond indenture
See indenture.


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While the administration's 2005A bond indenture remains open, it is expected to be used only for refundings.
However future series of bonds may be enhanced using either excess cash flow or reserve funds, per each series bond indenture.
With this refunding issue, the bond indenture will be modified to include special assessments as part of the pledged revenues for debt repayment.
 
 
 
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