trust indenture

Definition of "trust indenture"
  1. A legal document that outlines how a trust, such as one established by bond issuers following the Trust Indenture Act of 1939, is to be managed and executed
How to use "trust indenture" in a sentence
  1. The trust indenture outlined the responsibilities of the trustees and the provisions for the bondholders.
  2. Under the stipulations of the trust indenture, the business was unable to make additional debt without prior approval.
  3. The beneficiaries had a copy of the trust indenture, ensuring they understood the terms of the bond.

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