indenture

(noun)

a document, written as duplicates separated by indentations, specifying such a contract

Related Terms

  • convertibility
  • public debt offerings

Examples of indenture in the following topics:

  • Indenture

    • A bond indenture is a legal contract issued to lenders that defines commitments and responsibilities of the seller and the buyer.
    • A bond indenture (also called a trust indenture or deed of trust) is a legal contract issued to lenders.
    • If the company fails to live up to the terms of the bond indenture, the trustee may bring legal action against the company on behalf of the bondholders.
    • In the United States, public debt offerings in excess of $10 million require the use of an indenture of trust under the Trust Indenture Act of 1939.
    • Bond indenture (also trust indenture or deed of trust) is a legal contract issued to lenders.
  • Advantages of Bonds

    • Furthermore, bonds come with indentures (an indenture is a formal debt agreement that establishes the terms of a bond issue) and covenants (the clauses of such an agreement).
  • Sinking Funds

    • Sinking fund provision of the corporate bond indenture requires a certain portion of the issue to be retired periodically.
    • At best some indentures allow firms to use a doubling option, which allows repurchase of double the required number of bonds at the sinking fund price.
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