Indenture of Trust Law and Legal Definition
Indenture of trust is a document containing the terms and conditions governing a trustee's conduct and the trust beneficiaries' rights. It is an agreement in the bond contract made between a bond issuer and a trustee that represents the bondholder's interests by highlighting the rules and responsibilities that each party must adhere to. It also dictates the circumstances and processes surrounding a default. Trust indentures may not be included in every bond contract.
Indenture of trust is also known as trust indenture.