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What do you mean by indenture?
An indenture is a legal contract that reflects or covers a debt or purchase obligation. It specifically refers to two types of practices: in historical usage, an indentured servant status, and in modern usage, it is an instrument used for commercial debt or real estate transaction.
What is a deed indenture?
Indenture. 1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments.
Is an indenture the same as a deed?
The term is used for any kind of deed executed by more than one party, in contrast to a deed poll which is made by one individual. In the case of bonds, the indenture shows the pledge, promises, representations and covenants of the issuing party.
What is an indenture agreement?
An indenture agreement is the formal contract between a bond issuer and the bondholders. It sets forth the details of all the terms and conditions of the bonds, such as the exact day of their maturity, the timing of the interest payments and how they are calculated, and the details of any special features.
What does Indenture of Mortgage mean?
Definition of Mortgage Indenture. Share. Cite. Mortgage Indenture means the Mortgage and Deed of Trust, dated as of April 1, 1932, between SIGECO and Bankers Trust Company (as supplemented from time to time before or after the date hereof by various supplemental indentures thereto).
What is an indenture of land?
Indenture is a deed. Normally, real property transaction involves the sale of real property under contract and is usually consummated by the delivery of an indenture or deed. An indenture is a written instrument used to convey an interest in real property; thus an indenture or deed conveys legal title.
What is an indenture date?
Indenture refers to a legal and binding agreement, contract, or document between two or more parties. ... Historically, indenture also refers to a contract binding one person to work for another for a set period of time, such as an indentured servant.
What is an indenture trustee?
A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests by highlighting the rules and responsibilities that each party must adhere to. It may also indicate where the income stream for the bond is derived from.
What is an Indenture of Mortgage?
Indenture. ... At its simplest, an indenture is an agreement that declares benefits and obligations between two or more parties. In bankruptcy law, for example, it is a mortgage or deed of trust that constitutes a claim against a debtor. The most common usage of indenture appears in the bond market.
How do you use the word indentured servant in a sentence?
He initially served as an indentured servant of an uncle. ...
One is the son of a very wealthy man while the other is an indentured servant. ...
She originally came to the colonies as an indentured servant, but had run away, perhaps with the help of friends or relatives.
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