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