trust indenture
- 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
- The trust indenture outlined the responsibilities of the trustees and the provisions for the bondholders.
- Under the stipulations of the trust indenture, the business was unable to make additional debt without prior approval.
- The beneficiaries had a copy of the trust indenture, ensuring they understood the terms of the bond.
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