USA HISTORY

Detailed explanation-1: -Indentured servants were men and women who signed a contract (also known as an indenture or a covenant) by which they agreed to work for a certain number of years in exchange for transportation to Virginia and, once they arrived, food, clothing, and shelter.

Detailed explanation-2: -Indentured servants were individuals who bargained away their labor for a period of four to seven years in exchange for passage to the New World. In the 17th century, indentured servants made up the mass of English immigrants to the Chesapeake colonies and were central to the development of the tobacco economy.

Detailed explanation-3: -All indentures were bought for only a limited time. Non-convict servants served terms of 4 to 6 years, while convicts had to serve at least 7 years. Those working within their contract found living conditions very similar to their enslaved counterparts, such as their less than substantial food and clothing provisions.

Detailed explanation-4: -It specifies the important features of a bond, such as its maturity date, the timing of interest payments, method of interest calculation, callability, and convertible features, if applicable. A bond indenture also contains all the terms and conditions applicable to the bond issue.