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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.

An indenture agreement is a contract between a bond issuer and bondholders. The indenture agreement is a technical document that covers all the provisions related to the bond and how the bond is managed daily. The agreement includes details relating to: Terms and conditions of the bonds. The exact date of maturity.

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.

Protective Covenantspay the interest and principal of its bonds.specify when bonds can be presented for payment.maintain the collateral in good condition.insure the collateral against loss.defend the legal title to the property.More items...

Bond indenture (also trust indenture or deed of trust) is a legal document issued to lenders and describes key terms such as the interest rate, maturity date, convertibility, pledge, promises, representations, covenants, and other terms of the bond offering.

A written agreement between the issuer of debt securities (such as bonds, notes, or debentures) and the trustee for the debt securities acting as a representative of the securityholders that specifies the terms and conditions of the debt securities, including the interest rate, maturity, any redemption terms, timing,

The Trust Indenture Act of 1939, as amended (the Trust Indenture Act), governs the offering of notes, bonds, debentures, evidences of indebtedness and certificates of interest, and is intended to safeguard the rights of bondholders (referred to in these Frequently Asked Questions as securityholders) by requiring