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indenture
Word family
in·den·ture /ɪnˈdentʃə $ -ər/ noun [countableC, uncountableU]
SCLa formal contract, especially in the past, between an apprentice and his master (=employer), or the act of arranging this 〔旧时的〕师徒契约
Examples from the Corpus
indenture• The coupon rate is thus the interest rate stated in the bond indenture.• The bond indenture normally specifies a number of restrictive covenants to which the issuing corporation must adhere.• Then he offered his alternative: masters should insist on such huge indentures that Negroes would be in virtual slavery after baptism.• There was only one benefit, he found, in the new indenture and that was an extended term.• Too much attention, he added, was given to obtaining indentures and too little to the quality of the training.• No one expects the petition to amend the indenture to Barnes' will to get a court hearing before June.• But for now you stay here, examine the indenture, reflect on what you have said.• If the bond is publicly marketed, a trustee is named to monitor and ensure compliance with the terms of the indenture.
From Longman Business Dictionary
indenturein·den·ture /ɪnˈdentʃə-ər/ noun [countableC]
1FINANCE a legal agreement between an organization that borrows money by ISSUING bonds (=making them available), and the lenders, stating the interest, the date they will be repaid etc
The homebuilder said it made the interest payments last June in stock, not cash, as allowed by the indentures for the debt.
2LAWa legal agreement, especially one in former times between an employer and an APPRENTICE (=a young person who receives training from an employer to do a particular job), stating the terms of the worker’s employment
in·den·ture noun
Chinese
Syllable
Corpus
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