What is the difference between an indenture and a deed?

What is the difference between an indenture and a deed?

As nouns the difference between indenture and deed is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.

Is an indenture an agreement?

A written agreement between an indenture trustee and an issuer of securities, usually when those securities have features requiring more administrative involvement than in the case of equity securities such as, for example, debt obligations (such as bonds, notes or debentures) or warrants.

What is an indenture in legal terms?

1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments.

Is an indenture the same as a conveyance?

Indenture of Conveyance is effectively just an old fashioned alternative name for a conveyance. A Transfer Deed is the document by which the sale of a parcel of registered land is effected. A Deed of Variation is used to vary the terms of an earlier deed relating to the same matter.

What does indenture of Mortgage meaning?

Indenture of Mortgage means the registered mortgage deed to be executed by the Issuer for, inter alia, creation of mortgage over the immoveable property of the Issuer and assignment of its rights under the Project Documents in favour of the Security Trustee, in form and substance satisfactory to the Security Trustee.

What are terms of indenture?

Modern usage. Bond indenture (also trust indenture or deed of trust) is a legal document issued to lenders and describes key terms such as the interest rate, maturity date, convertibility, pledge, promises, representations, covenants, and other terms of the bond offering.

What is included in an indenture agreement?

An indenture agreement is the formal contract between a bond issuer and the bondholders. It sets forth the details of all the terms and conditions of the bonds, such as the exact day of their maturity, the timing of the interest payments and how they are calculated, and the details of any special features.

What happens if Conveyance deed is not done?

If Conveyance is not executed, it means that the Society does not have legal rights or ownership of the land on which the society’s building stands. Similarly, it may not be possible to redevelop the building. The Court will issue a notice to a Promoter/Landowner along with a copy of the Conveyance Deed.

Is an indenture the same as a mortgage?

At its simplest, an indenture is an agreement that declares benefits and obligations between two or more parties. In bankruptcy law, for example, it is a mortgage or deed of trust that constitutes a claim against a debtor. The most common usage of indenture appears in the bond market.

What is the difference between a prospectus and an indenture?

An indenture is a legal contract that beholds the issuer and the bondholder , whereas a prospectus is only a summary of the terms and conditions related to the issue of bonds.

What does indenture really mean?

An indenture is a legal contract between two parties, particularly for indentured labour or a term of apprenticeship but also for certain land transactions.

What is deed indented, or indenture?

What is DEED INDENTED, OR INDENTURE? In conveyancing. A deed executed or purporting to be executed in parts, between two or more parties, and distinguished by having the edge of the paper or parchment on which it is written indented or cut at the top in a particular manner.This was formerly done at the top or side, in a line resembling the teeth of a saw; a formality derived from the ancient practice of dividing chirographs; but the cutting is now made either in a waving line, or more

What does indenture level mean?

Indenture Level. Level of subdivision of an item from the point of view of maintenance action. Source: API STD 689, Collection and Exchange of Reliability and Maintenance Data for Equipment, First Edition, July 2007. GlobalStandards.