INDENTURE

Indenture

An indenture is a legal contract reflecting a debt or purchase obligation, specifically referring to two types of practices: in historical usage, an indentured servant status, and in modern usage, an instrument used for commercial debt or real estate transaction.

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indenture

Noun

  1. A contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice).
  2. A document, written as duplicates separated by indentations, specifying such a contract.
  3. An indentation.

Verb

  1. To bind a person under such a contract.
  2. To indent; to make hollows, notches, or wrinkles in; to furrow.
    Though age may creep on, and indenture the brow.


The above text is a snippet from Wiktionary: indenture
and as such is available under the Creative Commons Attribution/Share-Alike License.

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