InvestorWords.com

Trust Indenture Act of 1939


Definition

Federal legislation that requires that corporate bonds, debentures, and notes valued over $5 million be issued with a written agreement between the issuer of a bond and his/her bondholders. Under this legislation, a trustee must be appointed to ensure that the indenture meets all the requirements set forth and that none of the bondholder's rights have been compromised.


Related Videos




Search for another term


Browse by Letter: # A B C D E F G H I J K L M N O P Q R S T U V W X Y Z