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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 ?
Indentured women laborers bound for Fiji shared a similar experience on the voyage from Calcutta to Fiji.
The personal stories provide additional value that deepen our understanding of indentured labour.
The paucity of records means that to answer these questions, Bahadur must look "in the personal rather than the political." Accordingly, she attempts to reconstruct the life of her great-grandmother, Sujaria--no last name--who travelled to Guyana as an indentured servant on the coolie ship The Clyde, in 1903.
Third and most important, this book deliberately conflates indentured servitude with slavery.
This practice isn't just similar to indentured servitude--it matches the formula precisely.
Indentured labour is the phrase used to describe the semi-slavery where some are bound to work for a time for others, often to pay off the debt of their passage.
In keeping with this, the book traces the residual effects of the Pacific Island indentured labour trade for Australia from the expulsion of most Islanders (bar about 2,500) to meet the requirements of 'White Australia' through to the present.
Rules forbidding interest on loans to the poor and commanding the sabbatical release of debts and indentured servants were the Bible's way of protecting a just society.
Tuminaro, who initially played the role of another indentured servant in the Heinz household, was past the rigors of coming out.
Frado is left at the house of the white Bellmont family, where she is taken in as an indentured servant.