Trust Indenture

A Trust Indenture is a legal contract between a bond issuer (like a corporation or government) and bondholders. It outlines the terms of the bond, including interest payments, maturity dates, and the rights of bondholders. This document typically designates a trustee, who ensures that the issuer complies with the agreement and protects the interests of the bondholders. In essence, a Trust Indenture serves as a safeguard to ensure that both parties understand their obligations and rights throughout the life of the bond.