This form is a Release and Cancellation of Trust Agreement / Trust Indenture. All liens and encumberances created thereby are certified to be satisfied and released. Adapt to fit your circumstances.
Indenture Meaning With Examples In Virginia
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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.
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.
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.
Indentured servants were men and women who signed a contract (also known as an indenture or a covenant) by which they agreed to work for a certain number of years in exchange for transportation to Virginia and, once they arrived, food, clothing, and shelter.
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.
Indenture. n. a type of real property deed in which two parties agree to continuing mutual obligations. One party may agree to maintain the property, while the other agrees to make periodic payments. 2) a contract binding one person to work for another.
: required by contract to work for another for a certain period of time.
An indenture is a deed with more than one party. In the old days they were written out, two copies, on a single piece of parchment then roughly cut, so the parts could later be compared. A deed of trust has at least two parties, the settler and the trustee, so it could be called an 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.
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Indenture refers to a legal and binding agreement, contract, or document between two or more parties. An indenture agreement is a legally binding document or contract that establishes terms and conditions between two or more parties.Indentured servitude is a form of labor in which an individual is under contract to work without a salary for a certain timeframe to repay a loan. A mortgage indenture is a final agreement between a lender and a borrower that sets the terms and conditions of a loan agreement between them. An indenture is a deed with more than one party. THIS BOND TRUST INDENTURE AND SECURITY AGREEMENT (the. A). Apprenticeship was a common means of training artisans in the colonies. An indenture, signed at the closing of the issuance of the notes, is a contract between the issuer of the notes, any guarantors of the debt and the trustee. The contract called an "indenture", may be entered voluntarily for a prepaid lump sum, as payment for some good or service (e.g. Upon completing his indenture, he continued to design and construct houses and public buildings on the Northern Neck of Virginia and in Annapolis, Maryland.