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 Glossary:

Indenture

Indenture - written agreement that describes the borrowers' responsibility to the lenders in a bond or debentureDefinition issue.

Among other things, the indenture sets the maturity date and the interest rate.

The indenture is huge legal mumbo jumbo that is executed by the issuer, and a trustee (who acts for the bond holders).

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 Indenture - some related terms:
Debenture

Additional bonds test
Closed end indenture
Covenant
Open end indenture
Sinking fund
Trust indenture act of 1939




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