What is the difference between an indenture and a deed?
Table of Contents
- 1 What is the difference between an indenture and a deed?
- 2 What is an indenture in legal terms?
- 3 Why is it called indentured?
- 4 Is an indenture the same as a mortgage?
- 5 How do you use indenture in a sentence?
- 6 What is an indenture in conveyancing?
- 7 Can indentured servants vote?
- 8 Is indentured servitude illegal?
- 9 What does indenture really mean?
- 10 How an indenture was a contract?
- 11 What are indenture papers?
What is the difference between an indenture and a deed?
As nouns the difference between indenture and deed is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.
What is an indenture in legal terms?
1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments.
What is indenture example?
A contract wherein someone agrees to work for you for two years if you help him come to America is an example of indenture. When you give someone a loan in exchange for him signing a contract to work for you for a given period of time, this is an example of when you indenture him.
Why is it called indentured?
Indentured servants were called indentured servants because of the tradition of using indented paperwork for legal handling of debt and purchase obligations.
Is an indenture the same as a mortgage?
At its simplest, an indenture is an agreement that declares benefits and obligations between two or more parties. In bankruptcy law, for example, it is a mortgage or deed of trust that constitutes a claim against a debtor. The most common usage of indenture appears in the bond market.
Is an indenture the same as a conveyance?
Indenture of Conveyance is effectively just an old fashioned alternative name for a conveyance. A Transfer Deed is the document by which the sale of a parcel of registered land is effected. A Deed of Variation is used to vary the terms of an earlier deed relating to the same matter.
How do you use indenture in a sentence?
Indenture in a Sentence 🔉
- The attorney had his client to sign the indenture before officially beginning work on his case.
- A copy of the trust indenture can be found in a file with the company’s other legal contracts.
What is an indenture in conveyancing?
INDENTURE, conveyancing. An instrument of writing containing a conveyance or contract between two or more persons, usually indented or cut unevenly, or in and out, on the top or, side.
What indentured migration?
Indentured labour was a system of bonded labour that was instituted following the abolition of slavery. The indentured workers (known derogatively as ‘coolies’) were recruited from India, China and from the Pacific and signed a contract in their own countries to work abroad for a period of 5 years or more.
Can indentured servants vote?
Indentured servants in colonial British America could not vote.
Is indentured servitude illegal?
The 13th Amendment to the United States Constitution, which was passed after the Civil War, made indentured servitude illegal in the U.S. Today, it is banned in almost all countries.
What does indenture of mortgage meaning?
Indenture of Mortgage means the registered mortgage deed to be executed by the Issuer for, inter alia, creation of mortgage over the immoveable property of the Issuer and assignment of its rights under the Project Documents in favour of the Security Trustee, in form and substance satisfactory to the Security Trustee.
What does indenture really mean?
An indenture is a legal contract between two parties, particularly for indentured labour or a term of apprenticeship but also for certain land transactions.
How an indenture was a contract?
An indenture is a legal and binding contract usually associated with bond agreements,real estate,or bankruptcy.
What information is contained in a bond indenture?
Generally, the bond indenture contains information such as: The exact legal name of the issuer. The total amount of the bond issue. The coupon (interest) rate. How often interest will be paid on the bond. The maturity date of the bond.
What are indenture papers?
Indenture Papers of the Stout Family. Indentures are legal documents that bound people together. These agreements always dealt with economics – indentured service, borrowing money, or the purchase of land and buildings. The indentures shown are deeds for land either bought or sold by the early Perkasie family named Stout.
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