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The description of indenture is a written contract of agreement, especially one in which one party is bound to work for another for a given period of time. A contract wherein someone agrees to work for you for two years if you help him come to America is an example of indenture.

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,

An American law passed in 1833 abolished the imprisonment of debtors, which made prosecuting runaway servants more difficult, increasing the risk of indenture contract purchases. The 13th Amendment, passed in the wake of the American Civil War, made indentured servitude illegal in the United States.

Virginia began to replace indentured servants with slaves in the late 17th century as economic conditions in england improved (1670s), thus less people were willing to risk their lives for a better life in the colonies.So punishing them would not earn a slave owner jail time, etc.

Indentured servitude refers to a contract between two individuals, in which one person worked not for money but in exchange for the price of passage to America. Indentured servitudepopular in the United States in the 1600swas essentially a kind of barter system.

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 servitude was not slavery as individuals entered contracts of their own free will. However, indentured servants could be sold, loaned, or inherited, at least during the duration of their contract terms.

Indentured servitude differed from slavery in that it was a form of debt bondage, meaning it was an agreed upon term of unpaid labor that usually paid off the costs of the servant's immigration to America. Indentured servants were not paid wages but they were generally housed, clothed, and fed.

Slavery replaced indentured servitude in the colonies in the 1660s because purchasing slaves became more economical for planters. Life expectancy in the Chesapeake and Southern colonies had increased, which meant that indentured servants were living long enough to fulfill their terms of indenture.

Indentured servitude reappeared in the Americas in the mid-nineteenth century as a means of transporting Asians to the Caribbean sugar islands and South America following the abolition of slavery. Servitude then remained in legal use until its abolition in 1917.