Indenture or Trust Indenture/Agreement
A contract between an issuer and a trustee under which the issuer issues bonds and specifies their maturities, interest rates, redemption provisions, form, exchange provisions, security and other terms.
bond-basics
Master (Trust) Indenture
A type of Indenture which permits the issuance from time to time of one or more series of Bonds under the same Indenture in addition to the initial series of Bonds. This document is also called an “Open Indenture.” A Master Indenture is often used in Conduit Financings for multiple Borrowers to combine their credit into a single obligated group.
Get it in Writing
Learn more about the various documents involved in a municipal securities transaction.
See Also
Conduit Financing
Financing in which the Issuer issues the bonds to finance a project to be used primarily by a third party.
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Hundreds of Terms and Concepts
Due Diligence
A term referring to the inquiries and review conducted by either the underwriter and underwriter’s counsel or bond counsel or special tax counsel in connection with the issuance of bonds.