Release and Cancellation of Trust Agreement - Trust Indenture
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1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments.
As nouns the difference between indenture and deed is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.
Congress passed the Trust Indenture Act of 1939 to protect bond investors. It prohibits the sale of any debt securities in a public offering unless they are issued under a qualified indenture.With the act, trustees are required to make a list of the investors available so they can communicate with each other.
To be indentured is to be forced to work by some contract.Use the adjective indentured to describe someone who's bound or attached in a legal sense. If you're an indentured plumber's apprentice, you have guaranteed that you'll do that job in a particular way, for a specific length of time.
Indenture refers to a legal and binding agreement, contract, or document between two or more parties.Historically, indenture has also referred to a contract binding one person to work for another for a set period of time (indentured servant), particularly European immigrants.
Indentured labour was a system of bonded labour that was instituted following the abolition of slavery. Indentured labour were recruited to work on sugar, cotton and tea plantations, and rail construction projects in British colonies in West Indies, Africa and South East Asia.
As nouns the difference between indenture and deed is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.
An indenture is a legal contract that reflects or covers a debt or purchase obligation. It specifically refers to two types of practices: in historical usage, an indentured servant status, and in modern usage, it is an instrument used for commercial debt or real estate transaction.
(Entry 1 of 2) 1a(1) : 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 often used in plural.