Investments & Financial Planning
In the bond market , what is a Indenture ?
Answer:
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.
Indenture is a agreement between the lender and borrower that details specific terms of the bond issuance. It specifies legal obligations of bond issuer and rights of bondholders.
