bond indenture

Definition

A written agreement between the issuer of a bond and his/her bondholders, usually specifying interest rate, maturity date, convertibility, and other terms. also called indenture.

Use bond indenture in a sentence

The bond indenture had to be obeyed because it was a written agreement and that meant that it was legally binding.

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The interest rate on the Bond Indenture that was created has to be adjusted. The rate was off a percentage due to fluctuation in between signatures.

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The legal contract between a bond issuer (debtor) and the bond buyers (creditors) that set for the nature of the bond (loan) (rates, maturity dates, securitizing covenants, etc.) is called the bond indenture.

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hard call protection bond agreement