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Investing Glossary:
Indenture
Copyright 2010,
Campbell R. Harvey. All Rights Reserved.
Do not reproduce without explicit permission.
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| Term: |
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| Definition: |
| Agreement between Lender and borrower that details specific terms of the Bond issuance. Specifies LEGAL obligations of bond Issuer and rights of bondholders. An Indenture spells Out the specific terms of a bond, as well as the rights and responsibilities of both the issuer of the security and the holder.
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