Indenture


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Related to Indenture: indenture deed, Bond indenture

Indenture

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.

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.

indenture

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.

Indenture.

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.

References in periodicals archive ?
The Rating Watch Negative was maintained on 16 July 2018 following a review of the assets held under the indenture. Fitch noted that the indenture's reserves were held exclusively in Banco Popular de Puerto Rico (BPdPR, rated 'BB'/'B') time deposits.
Another factor that contributed significantly to the social and mental stress experienced by women laborers during the indenture period was the disproportionate number of men to women.
Indentures typically require that financial accounting data comply with GAAP, which is constantly evolving.
She contextualizes Sujaria's experience by interweaving stories both personal and communal--family sagas, histories of the Indian indenture diaspora, recovered women's history, narratives of return.
Having to work at a job that you do not choose to do is as demoralising as being formally indentured to labour for a fixed term to pay off debts, although in the later case at least the term of indenture tended to be known.
The terms of the apprenticeship contract were written in documents called indentures.
Many of those Chinese workers who were Christian converts established Christian communities in their new home, especially after they had served out their indenture. China missionaries kept in touch with these Chinese Christian communities, sometimes sending them ministers and sometimes visiting them.
As I have already noted, putting the free African American woman in her place works so effectively that, even though no mention is made within the narrative of a legal indenture, Frado is bound to stay with the Bellmonts until she reaches age eighteen.
Studies on immigration and indenture in the Caribbean have traditionally tended to be narrowly focused on imperial policies, or on specific migrant groups (mainly Indians), or on specific territories.
(f/k/a ACE Cash Express, Inc.) has announced the results to date of its previously announced cash tender offer (the "Tender Offer") for any and all of its outstanding 12.000% Senior Secured Notes due 2022 (the "Existing Notes") and the solicitation of consents ("Consents") from the registered holders thereof ("Holders") with respect to certain proposed amendments to the indenture governing the Existing Notes (the "Existing Notes Indenture") to eliminate substantially all of the restrictive covenants and certain of the default provisions contained in the Existing Notes Indenture and to release all of the collateral securing the Existing Notes (the "Consent Solicitation"), the company said.
In connection with the Tender Offers, EnscoRowan has commenced solicitations of consents (collectively, the Consent Solicitations and each solicitation of consents for a series of Notes individually, a Consent Solicitation) from holders of the Notes to amend certain provisions (the Proposed Amendments) of the indentures governing the Notes (collectively, the Indentures and each an Indenture).