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What (who) is Indenture - definition
TYPE OF LEGAL CONTACT
Indentured; Bond Indenture; Bond indenture; Indentures; Indenturing; Indenturer; Indenturers
indenture
I. n.
1.
Written contract, document, instrument, legal instrument.
2.
Indented state, indentation.
II. v. a.
Indent, bind by indenture.
indenture
n. 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
[?n'd?nt??]
¦ noun a formal agreement, contract, or list, formerly one of which copies with indented edges were made for the contracting parties.
?an agreement binding an apprentice to a master.
?historical a contract by which a person agreed to work for a set period for a colonial landowner in exchange for passage to the colony.
¦ verb chiefly historical bind by an indenture.
Derivatives
indentureship noun
Wikipedia
Indenture
An indenture is a legal contract that reflects or covers a debt or purchase obligation. It specifically refers to two types of practices: in historical usage, an indentured servant status, and in modern usage, it is an instrument used for commercial debt or real estate transaction.
Examples of use of Indenture
1. One example is their collusion to throw small farmers off their land or to indenture them under debts and threats in order to maintain opium production.
2. Until the early 80s, most national newspapers were subject to a strict indenture system: a formal apprenticeship in which a reporter worked for some years in the provinces, completing various tests, before being admitted to Fleet Street.
3. Part theatre, part concert and part historical walking tour, the exuberant production by the Rising Tide theatre company spanned almost four centuries of local history, from the settlement of the area by a British admiral in 1610 to a harsh indenture system that, for many years, tied fishermen to unscrupulous merchants.