Last modified on May 13, 2019, at 15:02

Indenture

An indenture refers to a legal and binding agreement, contract or document between two or more parties. In finance, an indenture is a document governing the parties to a loan. That is, it will spell out the amount of the loan, interest rate, term and covenants.

Historically, indenture refers to a contract binding one person to work for another for a set period of time, such as an indentured servant.