indenture


indenture
/indentyar/ In business financing, a written agreement under which bonds and debentures are issued, setting forth form of bond, maturity date, amount of issue, description of pledged assets, interest rate, and other terms. Typically, the contract is entered into between the corporation and an indenture trustee whose responsibility is to protect the bondholders. The indenture often constitutes a mortgage on specified corporate property to secure the bonds.
- deed indented
In real estate conveyancing, a deed to which two or more persons are parties, and in which these enter into reciprocal and corresponding grants or obligations towards each other; whereas a deed-poll is properly one in which only the party making it executes it, or binds himself by it as a deed, though the grantors or grantees therein may be several in number.
See indent.
In bankruptcy law, indenture means mortgage, deed of trust, or indenture, under which there is outstanding a security, other than a voting-trust certificate, constituting a claim against the debtor, a claim secured by a lien on any of the debtor's property, or an equity security of the debtor. Bankruptcy Code, No. 101
@ indenture of a fine
In old English law, indentures made and engrossed at the chirographer's office and delivered to the cognizor and the cognizee, usually beginning with the words: "Haec est finalis concordia." And then reciting the whole proceedings at length. 2 Bl.Comm. 351
@ indenture of trust
@ indenture trustee
Person or institution named in a trust indenture and charged with holding legal title to the trust property and with carrying out the terms of the indenture. Trustee under an indenture. Bankruptcy Code, No. 101
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Black's law dictionary. . 1990.

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  • indenture — in·den·ture /in den chər/ n [Old French endenture an indented document, from endenter to indent (divide a document into sections with irregular edges that can be matched for authentication), from en thoroughly + dent tooth] 1: a document stating… …   Law dictionary

  • Indenture — In*den ture, v. t. [imp. & p. p. {Indentured}; p. pr. & vb. n. {Indenturing}.] [1913 Webster] 1. To indent; to make hollows, notches, or wrinkles in; to furrow. [1913 Webster] Though age may creep on, and indenture the brow. Woty. [1913 Webster]… …   The Collaborative International Dictionary of English

  • indenture — Any deed, written contract or sealed agreement. (Dictionary of Canadian Bankruptcy Terms) Under Title 11 U.S.C. Section 101: (28) The term indenture means mortgage, deed of trust, or indenture, under which there is outstanding a security, other… …   Glossary of Bankruptcy

  • indenture — (n.) contract for services, late 14c., from Anglo Fr. endenture, O.Fr. endenteure indentation, from endenter (see INDENT (Cf. indent)). Such contracts (especially between master craftsmen and apprentices) were written in full identical versions… …   Etymology dictionary

  • indenture — ► NOUN 1) a formal agreement, contract, or list, formerly one of which copies with indented edges were made for the contracting parties. 2) an agreement binding an apprentice to a master. 3) historical a contract by which a person agreed to work… …   English terms dictionary

  • indenture — [in den′chər] n. [ME endenture < OFr & < ML indentura: see INDENT1: now used also as if < INDENT2] 1. Now Rare INDENTATION 2. a written contract or agreement: originally, it was in duplicate, the two copies having correspondingly notched …   English World dictionary

  • Indenture — In*den ture (?; 135), n. [OE. endenture, OF. endenture, LL. indentura a deed in duplicate, with indented edges. See the Note below. See {Indent}.] [1913 Webster] 1. The act of indenting, or state of being indented. [1913 Webster] 2. (Law) A… …   The Collaborative International Dictionary of English

  • Indenture — In*den ture, v. i. To run or wind in and out; to be cut or notched; to indent. Heywood. [1913 Webster] …   The Collaborative International Dictionary of English

  • indenture — /indentyar/ In business financing, a written agreement under which bonds and debentures are issued, setting forth form of bond, maturity date, amount of issue, description of pledged assets, interest rate, and other terms. Typically, the contract …   Black's law dictionary

  • Indenture — NOTOC An Indenture is a legal contract between two parties, particularly for indentured labour or a term of apprenticeship but also for certain land transactions. The term comes from the medieval English indenture of retainer cite… …   Wikipedia