indenture

Definitions (2)

1. A written agreement between the issuer of a bond and his/her bondholders, usually specifying interest rate, maturity date, convertibility, and other terms.
2. A written note evidencing proof of indebtedness.

Use indenture in a sentence

You should always make sure that you do not lose any indenture so that you have records of the deal.

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The indenture clearly outlined the terms of the bond agreement so there would be no confusion over the portfolio position.

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Once they agreed to pruchase the bond, they received the indenture. It stated they would receive an annual interest rate of 3% over a term of 5 years.

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bond indenture Trust Indenture Act of 1939