indenture

Estimated CEFR level: C2 — Proficiency

Estimated from word frequency; not an official CEFR classification.

Definition

  1. noun a concave cut into a surface or edge (as in a coastline)
  2. noun formal agreement between the issuer of bonds and the bondholders as to terms of the debt
  3. noun a contract binding one party into the service of another for a specified term

Etymology

From Anglo-Norman endenture, from Old French endenteure, from endenter (“to dent”). The name of the contract derives from the irregular dent-shaped cut (indentation) used to prove the authenticity of the two parts, similar to a chirograph.

In classic literature

Synonyms

indentation

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