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Agreement between lender and borrower that details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders. An indenture spells out the specific terms of a bond, as well as the rights and responsibilities of both the issuer of the security and the holder.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.


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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


A legal contract between a bond issuer and its lenders that specifies the terms of the issue. Typical provisions are the amount and dates of interest payments, name of the trustee, maturity date, collateral, restrictions on dividends or other borrowing, and specifics of a sinking fund or potential calls. It is the trustee's job to ensure that the terms of the indenture are fulfilled. Also called bond indenture, trust deed. See also covenant.
Wall Street Words: An A to Z Guide to Investment Terms for Today's Investor by David L. Scott. Copyright © 2003 by Houghton Mifflin Company. Published by Houghton Mifflin Company. All rights reserved. All rights reserved.


An indenture is a written contract between a bond issuer and bond holder that is proof of the bond issuer's indebtedness and specifies the terms of the arrangement, including the maturity date, the interest rate, whether the bond is convertible to common stock, and, if so, the price or ratio of the conversion.

The indenture, which may be called a deed of trust, also includes whether the bond is callable -- or can be redeemed by the issuer before it matures -- what property, if any, is pledged as security, and any other terms.

Dictionary of Financial Terms. Copyright © 2008 Lightbulb Press, Inc. All Rights Reserved.
References in periodicals archive ?
Risking violence against them by their male counterparts, (85) Indo-Caribbean women "continued to challenge normative expectations of Indian female sexuality and simultaneously redefine[d] femininity in the Trinidad-Indian context." (86) These indentured women shook the fabric of patriarchy in such a way that in 1916, a year before the end of indentureship, a group of indentured laborers filed a formal complaint against the actions of Indian women.
The historian Verene Sheperd points out that during the period of indentureship, the scarcity of Indian women migrants meant that Indian men had few suitable partners.
In particular, Apess recollects when, as a teenager, he escaped indentureship and traveled with a confidence man (or boy) named John who, having heard a group of soldiers' "affecting" tale, "concluded to incorporate a part of it with his own" (24).
For the reader, there is no escape from being reminded of Naipaul's origins--in a family that had barely climbed out of indentureship in a plantation economy in far-off Trinidad.
Third, the world economy has been significantly influenced by racialized labor supply and other practices of labor recruitment, such as, among others, indentureship in the nineteenth century, importation of Third World domestic labor, and trafficking in mostly Third World sex workers.
Enough women in Third World countries were attracted by the comparatively higher wages in Canada and the promise of citizenship; they came to Canada as domestic workers in the hope that once they had completed their indentureship, they could enter more lucrative forms of employment (p.
Even in cases where women, men, boys and girls are clearly harmed within the sex industry or are caught in debt-bondage and indentureship situations, it is the respectful recognition of subjectivity and personal agency that creates continuity in this collection.
Despite its semifeudal nature, indentureship carried with it aspects of capitalism, including waged labour, rational calculation and individualism.
Thus, for example, in his study of lifelong indentureship in Shimoga district (Mysore state), Harper observed: `Haviks [the high caste patrons] were concerned to see that members of their group did not undermine the system by offering more than the customary inducements to a servant, and to prevent one employer from hiring another's indentured servant.' this implied that strong pressure was exerted on these patrons `not to be too liberal in giving secondary benefits, so as not to give cause for discontent to the servants of others'.
She was living quietly as a slave, having allowed a man to whom she was indentured to sell her into slavery - not back into slavery, she had never been a slave, she was born free, but her indentureship was so long - she was tricked into signing her "X" for ninety-nine years - she became locked in.
It explores the Indian woman's claim to a place as home in the multiracial, multicultural Caribbean vis a vis a tradition of colonial discourse which privileges European possession of the "discovered" lands of the New World while several culturally discrete groups, displaced by colonialism and indentureship, jostle for ontological space and identity in the colonial social reality.
According to Lisa Lowe, there has been a lack of knowledge produced about the ties between "the slave trade and the extermination of native peoples that founded the conditions of possibility for indentureship; that stretches forward into the ubiquitous migrations of contemporary global capitalism." (23)