Indenture Form Meaning In Minnesota
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It represents a mutual commitment to certain terms and conditions, which may or may not be legally binding depending on the nature of the agreement. On the other hand, an indenture is a specific type of agreement that is formalised as a legal document.
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 and binding contract usually associated with bond agreements, real estate, or bankruptcy. An indenture provides detailed information on terms, clauses, and covenants.
It represents a mutual commitment to certain terms and conditions, which may or may not be legally binding depending on the nature of the agreement. On the other hand, an indenture is a specific type of agreement that is formalised as a legal document.
: a document or a section of a document that is indented. (2) : a formal or official document usually executed in two or more copies. (3) : a contract binding one person to work for another for a given 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.
Noun. any deed, contract, or sealed agreement between two or more parties. (formerly) a deed drawn up in duplicate, each part having correspondingly indented edges for identification and security.
A bond indenture is a contract between a bond issuer and a bondholder that is created when bond issuers are going through the process of receiving state and federal government approval to issue bonds to the public.
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.
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.
