bond indenture
Definition
Blanket, unconditional contract between the bond issuer and the bond purchaser (bondholder) that specifies the terms of the bond. It states the interest rate (called coupon rate), the dates when the interest will be paid, maturity date(s), and other terms and conditions of the bond issue. Failure to meet the payment requirements calls for drastic penalties including liquidation of the issuer's assets. Also called bond resolution. See also deed of trust.
bond indenture is in the Banking, Commerce & Finance, Investing and Securities & Futures Trading subjects.
bond indenture appears in the definitions of the following terms:
put bond,
lease,
bond contract,
call protection,
call price,
call,
trust indenture,
compliance audit,
bond resolution,
non-callable
and
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