BANKING AFFAIRS

Detailed explanation-1: -What is a legal agreement, also called the deed of trust, between the corporation issuing bonds and the bondholders that establish the terms of the bond issue? Indenture.

Detailed explanation-2: -A bond covenant is a legally binding term of agreement between a bond issuer and a bondholder. Bond covenants are designed to protect the interests of both parties.

Detailed explanation-3: -A credit indenture is the underlying contract agreement that details all of the provisions and clauses associated with a credit offering. In nonsecure, uncollateralized bond offerings, these indentures can also be called debentures. Typically a credit indenture is used for the sake of bond issuers and bondholders.

Detailed explanation-4: -An indenture is a particular formal contract or deed made between two or more parties. Beginning in medieval England, an indenture can be defined as a specific agreement within a contract noted with a specific duration or significance.