bond indenture
Formal loan agreement
A bond indenture is the legal contract between a bond issuer and bondholders, specifying the terms of the debt: interest rate, maturity date, repayment schedule, and any covenants or restrictions on the issuer.
A trustee—typically a bank—monitors compliance and represents bondholders' interests.
The document protects investors by spelling out exactly what they're owed and under what conditions.
- debentureUnsecured debt instrument
- repayment scheduleTimetable for settling debt
- covenantBinding formal pledge
- contractEnforceable written agreement
- collateralSecurity for debt
interest payment · interest rate · fixed income · sinking fund · agreement · provision · security · coupon · clause · enforceability · principal · credit rating · stipulation · obligation · trust deed · legal document · interest income · yield
- bondscorporate bonds, municipal bonds, treasury bonds, savings bonds, junk bonds
- business documentsarticles of incorporation, invoice, charter, bylaws, contract
- municipal bondsmunicipal bonds, munis, debt service, state bonds, bondholders
- agreementshandshake, contract, nod, accords, verbal consent
bond indenturehandshake deal
Unwritten mutual commitment
gentleman's agreement · oral agreement · verbal contract · verbal commitment · tacit agreement
bond indenturestock certificate
Proof of corporate ownership
shareholder agreement · partnership agreement · common stock · equity stake · ownership interest