Indenture Meaning With Examples In Cook
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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.
Meaning of indentured in English relating to an official agreement that someone will work for someone else for a length of time, especially in order to learn a job: He served an indentured apprenticeship in mechanical engineering.
: required by contract to work for another for a certain period of time.
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.
: a written agreement : contract. 2. : a contract by which one person is made to work for another for a stated period. often used in plural. indenture.
: a written agreement : contract. 2. : a contract by which one person is made to work for another for a stated period. often used in plural. indenture.
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.
An indenture is a legal contract between two parties, whether for indentured labour or a term of apprenticeship or for certain land transactions.
