Sentence With Indenture In Travis
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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.
Legal Definition indenture. noun. in·den·ture in-ˈden-chər. 1. : a document stating the terms under which a security (as a debenture or other bond) is issued.
On the completion of his indenture, he continued to attend night school. The apprenticeship indentures were signed by the guild master and the apprentice's guardian.
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.
Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance. Indentures were initially used to convey land and for service contracts of seven years.
Bound by or occurring under a written contract or formal agreement, especially to work for another: The five indentured electrical apprentices of the second-year class were sworn into the union on Thursday. Born in Belfast in 1949, he studied art while serving an indentured apprenticeship at a shipyard.
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.
: 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.
THE BANK OF NEW YORK MELLON TRUST COMPANY, N.A.
For example, a trust indenture may indicate whether an issued bond is callable. If the issuer can “call” the bond, the indenture will include call protection for the bondholder, which is the period during which the issuer cannot repurchase the bonds from the market.
