Difference between revisions of "Indenture"
Jump to navigation
Jump to search
(Undeadended, links, bold) |
|||
| Line 1: | Line 1: | ||
| − | 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. | + | 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. | ||
[[Category:Finance]] | [[Category:Finance]] | ||
[[Category:Business]] | [[Category:Business]] | ||
Latest revision as of 15:02, May 13, 2019
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.