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Indenture

usgb/ɪnˈdentʃər/Volume
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Legal DocumentsPlay
Used in formal contexts involving written agreements, often between organizations or between individuals and organizations. SlideThe company's merger was finalized with an indenture detailing the terms.
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Binding TermsPlay
Indicates that the parties involved have legal obligations that must be fulfilled as per the agreement. SlideBy signing the indenture, they were obligated to complete the construction project on time.
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Technical LanguagePlay
Often contains specific legal terms; understanding may require legal knowledge. SlideThe indenture included a clause on arbitration that was difficult to understand without a lawyer's help.