Indenture Meaning With Examples In Kings - Release and Cancellation of Trust Agreement - Trust Indenture
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An indenture is a legal contract between two parties, whether for indentured labour or a term of apprenticeship or for certain land transactions.
Servants typically worked four to seven years in exchange for passage, room, board, lodging and freedom dues. While the life of an indentured servant was harsh and restrictive, it wasn't slavery. There were laws that protected some of their rights.
Indentured servitude is a form of labor in which a person is contracted to work without salary for a specific number of years. The contract called an "indenture", may be entered voluntarily for a prepaid lump sum, as payment for some good or service (e.g. travel), purported eventual compensation, or debt repayment.
An indenture is a particular formal contract or deed made between two or more parties . Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance.
An indenture was commonly used as a form of sealed contract or agreement for land and buildings. An example of such a use can be found in the National Archives, where an indenture, from about 1401, recording the transfer of the manor of Pinley, Warwickshire, is held.
The Indenture pledges certain revenues as security for repayment of the Bonds. The Trustee agrees to act on behalf of the holders of the Bonds and to represent their interests.
In real estate, an indenture is a deed in which two parties agree to continuing obligations. For example, one party may agree to maintain a property and the other may agree to make payments on it.
To be indentured is to be forced to work by some contract. It started out as a word for a contract between masters and apprentices. Now it describes anyone bound to work, like it or not, because of some deal. Use the adjective indentured to describe someone who's bound or attached in a legal sense.
An indenture is a legal binding document that the Kerch use to repay services from one person to another. Some indentures are forced upon people who have no knowledge of what the agreement entails.