释义 |
indenture
in·den·ture I0099300 (ĭn-dĕn′chər)n.1. often indentures A contract binding one party into the service of another for a specified term.2. a. A deed executed by more than one party.b. An instrument or agreement specifying the terms of a bond or trust.3. A document separated into portions so as to create indentations that allow the holders of the separate portions to match up in order to confirm authenticity.tr.v. in·den·tured, in·den·tur·ing, in·den·tures To bind into the service of another by indenture. [Middle English endenture, a written agreement, from Anglo-Norman, from endenter, to indent (from the matching notches on multiple copies of the documents); see indent1.]indenture (ɪnˈdɛntʃə) n1. (Law) any deed, contract, or sealed agreement between two or more parties2. (Law) (formerly) a deed drawn up in duplicate, each part having correspondingly indented edges for identification and security3. (Commerce) (often plural) a contract between an apprentice and his master4. a formal or official list or certificate authenticated for use as a voucher, etc5. a less common word for indentationvb6. (Law) (intr) to enter into an agreement by indenture7. (Law) (tr) to bind (an apprentice, servant, etc) by indenture8. (tr) obsolete to indent or wrinkle inˈdentureˌship nin•den•ture (ɪnˈdɛn tʃər) n., v. -tured, -tur•ing. n. 1. a deed or agreement executed in two or more copies with edges correspondingly indented. 2. a contract by which a person, as an apprentice, is bound to service. 3. an official or formal document for use as a voucher. 4. indentation. v.t. 5. to bind by indenture, as an apprentice. [1275–1325; Middle English < Medieval Latin indentūra] in•den′ture•ship`, n. indenture Past participle: indentured Gerund: indenturing
Imperative |
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indenture | indenture |
Present |
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I indenture | you indenture | he/she/it indentures | we indenture | you indenture | they indenture |
Preterite |
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I indentured | you indentured | he/she/it indentured | we indentured | you indentured | they indentured |
Present Continuous |
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I am indenturing | you are indenturing | he/she/it is indenturing | we are indenturing | you are indenturing | they are indenturing |
Present Perfect |
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I have indentured | you have indentured | he/she/it has indentured | we have indentured | you have indentured | they have indentured |
Past Continuous |
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I was indenturing | you were indenturing | he/she/it was indenturing | we were indenturing | you were indenturing | they were indenturing |
Past Perfect |
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I had indentured | you had indentured | he/she/it had indentured | we had indentured | you had indentured | they had indentured |
Future |
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I will indenture | you will indenture | he/she/it will indenture | we will indenture | you will indenture | they will indenture |
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I will have indentured | you will have indentured | he/she/it will have indentured | we will have indentured | you will have indentured | they will have indentured |
Future Continuous |
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I will be indenturing | you will be indenturing | he/she/it will be indenturing | we will be indenturing | you will be indenturing | they will be indenturing |
Present Perfect Continuous |
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I have been indenturing | you have been indenturing | he/she/it has been indenturing | we have been indenturing | you have been indenturing | they have been indenturing |
Future Perfect Continuous |
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I will have been indenturing | you will have been indenturing | he/she/it will have been indenturing | we will have been indenturing | you will have been indenturing | they will have been indenturing |
Past Perfect Continuous |
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I had been indenturing | you had been indenturing | he/she/it had been indenturing | we had been indenturing | you had been indenturing | they had been indenturing |
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I would indenture | you would indenture | he/she/it would indenture | we would indenture | you would indenture | they would indenture |
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I would have indentured | you would have indentured | he/she/it would have indentured | we would have indentured | you would have indentured | they would have indentured | ThesaurusNoun | 1. | indenture - a concave cut into a surface or edge (as in a coastline)indentationnotch - a V-shaped or U-shaped indentation carved or scratched into a surface; "there were four notches in the handle of his revolver"concave shape, concavity, incurvation, incurvature - a shape that curves or bends inwardnotch - a V-shaped indentation; "mandibular notch"cleft - a split or indentation in something (as the palate or chin) | | 2. | indenture - formal agreement between the issuer of bonds and the bondholders as to terms of the debtwritten agreement - a legal document summarizing the agreement between parties | | 3. | indenture - a contract binding one party into the service of another for a specified termcontract - a binding agreement between two or more persons that is enforceable by law | | 4. | indenture - the space left between the margin and the start of an indented lineindention, indent, indentationblank space, space, place - a blank area; "write your name in the space provided" | Verb | 1. | indenture - bind by or as if by indentures, as of an apprentice or servant; "an indentured servant"indentoblige, obligate, bind, hold - bind by an obligation; cause to be indebted; "He's held by a contract"; "I'll hold you by your promise" | Translationsindenture
indenture1. any deed, contract, or sealed agreement between two or more parties 2. (formerly) a deed drawn up in duplicate, each part having correspondingly indented edges for identification and security 3. a contract between an apprentice and his master indenture Related to indenture: indenture deed, Bond indentureIndentureAn agreement declaring the benefits and obligations of two or more parties, often applicable in the context of Bankruptcy and bond trading. The term indenture primarily describes secured contracts and has several applications in U.S. law. At its simplest, an indenture is an agreement that declares benefits and obligations between two or more parties. In bankruptcy law, for example, it is a mortgage or deed of trust that constitutes a claim against a debtor. The most common usage of indenture appears in the bond market. Before a bond is issued, the issuer executes a legally binding indenture governing all of the bond's terms. Finally, the concept of indenture has an ignominious place in the history of U.S. labor. Indentured servants of the seventeenth and eighteenth centuries were commonly European workers who contracted to provide labor for a number of years and in return received passage to the American colonies as well as room and board. As an investment product that is used to raise capital, a bond is simply a written document by which a government, corporation, or individual promises to pay a definite sum of money on a certain date. The issuer of a bond, in cooperation with an underwriter (i.e., a financial organization that sells the bond to the public), prepares in advance an indenture outlining the terms of the bond. The issuer and the under-writer negotiate provisions such as the interest rate, the maturity date, and any restrictions on the issuer's actions. The last detail is especially important to corporate bonds because corporations Accrue liability upon becoming bond issuers and therefore seek to have the fewest possible restrictions placed on their business behavior by the terms of the indenture. As a consequence, potential buyers of corporate bonds should know what the indenture specifies before buying them. Federal law governs these indentures. For 50 years, the Trust Indenture Act of 1939 (TIA) (15 U.S.C.A. § 77aaa) was the relevant law. Significant changes in financial markets prompted Congress to amend the TIA through the Securities Act Amendments of 1990 (Pub. L. No. 101-550, 1990; 104 Stat. 2713), which included the Trust Indenture Reform Act (Pub. L. No. 101-550, 104 Stat. 2713). The reforms simplified the writing of indentures, recognized the increasing internationalization of corporations by creating opportunities for foreign institutions to serve as trustees, and revised standards for conflicts of interest. The reforms also broadened the authority of the Securities and Exchange Commission. In early American history, indenture was a form of labor contract. Beginning during the colonial period, employers in the largely agricultural economy faced a labor shortage. They addressed it in two ways: by buying slaves and by hiring indentured servants. The former were Africans who were brought to the colonies against their will to serve for life; the latter were generally Europeans from England and Germany who had entered multiyear employment contracts. From the late sixteenth century to the late eighteenth century, approximately half of the 350,000 European immigrants to the colonies were indentured servants. During the seventeenth century, these servants outnumbered slaves. An indentured servant agreed to a four-to seven-year contract, and in return received passage from Europe and guarantees of work, food, and lodging. Colonial courts enforced the contracts of indentured servants, which were often harsh. Employers were seen as masters, and the servants had not only to work for them but also to obey their orders in all matters. For some, indentured servitude was not a Voluntary Act. Impoverished women and children were pressed into servitude, as were convicts. Nevertheless, this servitude was not equivalent to Slavery. Slaves remained slaves for life, whereas indentured servants were released at the end of their contracts. Moreover, as parties to a contract, indentured servants had rights that slaves never enjoyed. The practice of indentured servitude persisted into the early nineteenth century. Further readings Ballam, Deborah A. 1996. "Exploding the Original Myth Regarding Employment-At-Will: The True Origins of the Doctrine." Berkeley Journal of Employment and Labor Law 17. ——. 1995. "The Traditional View on the Origins of the Employment-At-Will Doctrine: Myth or Reality?" American Business Law Journal 33 (fall). Riger, Martin. 1991."The Trust Indenture as Bargained Contract: The Persistence of Myth." Journal of Corporation Law 16 (winter). indenturen. a type of real property deed in which two parties agree to continuing mutual obligations. One party may agree to maintain the property, while the other agrees to make periodic payments. 2) a contract binding one person to work for another. 3) v. to bind a person to work for another. indenture see APPRENTICE.INDENTURE, conveyancing. An instrument of writing containing a conveyance or contract between two or more persons, usually indented or cut unevenly, or in and out, on the top or, side. 2. Formerly it was common to make two instruments exactly alike, and it was then usual to write both on the same parchment, with some words or letters written between them, through which the parchment was cut, either in a straight or indented line, in such a manner as to leave one-half of the word on one part, and half on the other. The instrument usually commences with these words, "This indenture," which were not formerly sufficient, unless the parchment or paper was actually indented to make an indenture 5 Co. 20; but now, if the form of indenting the parchment be wanting, it may be supplied by being done in court, this being mere form. Besides, it would be exceedingly difficult with even the most perfect instruments, to out parchment or paper without indenting it. Vide Bac. Ab. Leases, &c. E 2; Com. Dig. Fait, C, and note d; Litt. sec. 370; Co. Litt. 143 b, 229 a; Cruise, Dig t. 32, c. 1, s. 24; 2 Bl. Com. 294; 1 Sess. Cas. 222. Indenture
IndentureAgreement between lender and borrower that details specific terms of the bond issuance. Specifies legal obligations of bond issuer and rights of bondholders. An indenture spells out the specific terms of a bond, as well as the rights and responsibilities of both the issuer of the security and the holder.IndentureA contract for a bond. An indenture sets the terms of the bond; for example, it includes the coupon rate, the period until maturity, and whether the bond comes with any special features like convertibility or whether it is callable. All bonds must have an indenture. Indentures are usually summarized in a bond's prospectus.indenture A legal contract between a bond issuer and its lenders that specifies the terms of the issue. Typical provisions are the amount and dates of interest payments, name of the trustee, maturity date, collateral, restrictions on dividends or other borrowing, and specifics of a sinking fund or potential calls. It is the trustee's job to ensure that the terms of the indenture are fulfilled. Also called bond indenture, trust deed. See also covenant.Indenture.An indenture is a written contract between a bond issuer and bond holder that is proof of the bond issuer's indebtedness and specifies the terms of the arrangement, including the maturity date, the interest rate, whether the bond is convertible to common stock, and, if so, the price or ratio of the conversion. The indenture, which may be called a deed of trust, also includes whether the bond is callable -- or can be redeemed by the issuer before it matures -- what property, if any, is pledged as security, and any other terms. AcronymsSeeINDindenture Related to indenture: indenture deed, Bond indentureSynonyms for indenturenoun a concave cut into a surface or edge (as in a coastline)SynonymsRelated Words- notch
- concave shape
- concavity
- incurvation
- incurvature
- cleft
noun formal agreement between the issuer of bonds and the bondholders as to terms of the debtRelated Wordsnoun a contract binding one party into the service of another for a specified termRelated Wordsnoun the space left between the margin and the start of an indented lineSynonyms- indention
- indent
- indentation
Related Wordsverb bind by or as if by indentures, as of an apprentice or servantSynonymsRelated Words |