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Historical usage An indenture is a legal contract between two parties, whether for indentured labour or a term of apprenticeship or for certain land transactions.
Many Indians agreed to become indentured labourers to escape the widespread poverty and famine in the 19th century. Some travelled alone; others brought their families to settle in the colonies they worked in. The demand for Indian indentured labourers increased dramatically after the abolition of slavery in 1834.
Satyendra Nath Tagore was the first Indian to qualify for Covenanted service. He cleared the Indian Civil Service (ICS) examination in 1863 and joined the Bengal Presidency Civil Service. He was a member of Bramho Samaj.
Duties. Some indentured servants served as cooks, gardeners, housekeepers, field workers, or general laborers, while others learned specific trades such as blacksmithing, plastering, and bricklaying, which they often parlayed into future careers.
: 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.
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 Trust Indenture Act requires certain prospectus disclosure about the debt securities in registered offerings. Most offerings of debt securities that are exempt from registration under the Securities Act of 1933 are also exempt from the Trust Indenture Act requirements.
(6) when, by reason of the fact that trust indentures are commonly prepared by the obligor or underwriter in advance of the public offering of the securities to be issued thereunder, such investors are unable to participate in the preparation thereof, and, by reason of their lack of understanding of the situation, such ...
Lease Indenture means the Indenture of Trust, Mortgage and Security Agreement, dated as of the Closing Date, between the Owner Lessor and the Lease Indenture Trustee, substantially in the form of Exhibit E to the Participation Agreement duly completed, executed and delivered on the Closing Date pursuant to which the ...
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.