Legal Dictionary of Pakistan
Quick lookup for English, Urdu, and Latin legal terms used in Pakistani jurisprudence.
Bond indenture
1.A contract between a bond issuer and bondholder outlining a bond's face value, interest rate, maturity date, and other features. 2. A mortgage held on specified corporate property to secure payment of the bond.
Trust Indenture Act
A federal law, enacted in 1939, designed to protect investors of certain types of bonds by requiring that (1) the SEC approve the trust indenture, (2) the indenture include certain protective clauses and exclude certain exculpatory clauses, and (3) the trustees be independent of the issuing company. 15 USCA ยงยง 77saa et seq.
corporate indenture
A document containing the terms and conditions governing the issuance of debt securities, such as bonds or debentures.
debenture indenture
See DEBENTURE INDENTURE.
indenture
n. 1. A formal written instrument made by two or more parties with different interests, traditionally having the edges serrated, or indented, in a zigzag fashion to reduce the possibility of forgery and to distinguish it from a deed poll. Cf. deed poll under DEED. 2. A deed or elaborate contract signed by two or more parties.
indenture of a fine
Hist. A document engrossed by the chirographer of fines to reflect penalties assessed by the court. ( The chirographer prepared indentures in duplicate on the same piece of parchment, then split the parchment along an indented line through a word, sentence, or drawing placed on the parchment to help ensure its authenticity. See CHIROGRAPHER OF FINES.
indenture of trust
See trust indenture under INDENTURE.
indenture trustee
A trustee named in a trust indenture and charged with holding legal title to the trust property; a trustee under an indenture.
orporate indenture
See INDENTURE.
trust indenture
1. A document containing the terms and conditions governing a trustee's conduct and the trust beneficiaries' rights. - Also termed indenture of trust. 2. See deed of trust under DEED.