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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.

Home » Accounting Dictionary A» What is an Indenture? Definition: An indenture is a legally binding bond or loan document in which two parties agree on a set of conditions and loan terms requiring the borrower to pay the lender a series of principle and interest payments over 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.When you give someone a loan in exchange for him signing a contract to work for you for a given period of time, this is an example of when you indenture him.

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.

Indenture refers to a legal and binding agreement, contract, or document between two or more parties. Traditionally, these documents featured indented sides or perforated edges.In modern-day finance, the word indenture most commonly appears in bond agreements, real estate deals, and some aspects of bankruptcies.

Indenture is a term that originated from England. In the U.S., there can be several types of indentures, all typically involved with debt agreements, real estate, or bankruptcy.

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.