Indentured servants willingly enter an agreement to work for a specific period of time, up to six years or longer if there is a breach of contract, in exchange for something such as land. The contract of an indentured servant can be sold to an interested third party, but the servant is not considered property of the contract holder. An indentured servant or indentured laborer is an employee (indenturee) within a system of unfree labor who is bound by a signed or forced contract to work without pay for the owner of the indenture for a period of time. The contract often lets the employer sell the labor of an indenturee to a third party. An indentured servant's contract could be extended as punishment for breaking a law, such as running away, or in the case of female servants, becoming pregnant. In a Land Contract, this language is typically referred to as the “Right to Forfeit” or the “Remedies on Default” section. In a Deed of Trust, this language is often referred to as the “Power of Sale” clause.
Define Mortgage Indenture. means the Mortgage and Deed of Trust, dated as of the date hereof and any other similar instrument or agreement entered into by
Definition of Indenture: An indenture was a legal, written contract binding one party into the service of another for a specified term. Indentured Servants Summary Define Mortgage Indenture. means the Mortgage and Deed of Trust, dated as of the date hereof and any other similar instrument or agreement entered into by Using an indenture contract and slave bill of sale allows the students an opportunity to compare and contrast the two documents, as well as examine the actual agreement would allow the issuer to circumvent or "contract-around" the 14: 431. The path that the company chooses to follow makes a significant difference in.
A bond indenture serves as a contract between an issuer and a trustee appointed to protect bondholders. A municipality is not required by law to have a bond
During the 18th century, indentured contracts became less necessary as the costs of immigration to America went down and African slave labor became This short film explores the sending of a quarter of a million British indentured labourers Students could look at the similarities and differences between indentured Students could study various indenture contracts (available by searching Termination of Indenture Deed. Your training contract is for a 24-month period. The only exception to this is if you have been awarded credit for legal work ABSTRACT. An introductory law school course in contract law should at the outset disservice. A brief discussion of the history of indentured servitude and sharecrop- The growing difference in recapture rates between escaped white ser-. According to the first approach, the indenture contract was a form of forced labor, Furthermore, in our comparison with slavery, the Indian Ocean helps to avoid
This substantial différence attracted comment by both British and French officiais, However, few indentured Indians finished their contracts within five calendar
An indenture is a legal contract that reflects or covers a debt or purchase obligation. It specifically refers to two types of practices: in historical usage, an 4 Mar 2020 Indenture refers to a legal and binding agreement, contract, or document between two or more parties. Traditionally, these documents featured 6 Mar 2020 A trust indenture is an agreement in a bond contract made between a bond issuer and a trustee that represents the bondholder's interests. 6 Jun 2019 An indenture agreement is the formal contract between a bond issuer and the bondholders. It sets forth the details of all the terms and
Indenture may also refer to a binding contract obligating one person to work for another. Also, in a financial context, an indenture is a written agreement that describes the borrowers' responsibility to the lenders in a bond or debenture issue.
The difference between a bond indenture versus a bond agreement can depend on the bond issuer. Bond Indenture. In simplest terms, a bond indenture is the a deed or agreement executed in two or more copies with edges correspondingly indented as a means of identification. any deed, written contract, or sealed WHEREAS, the parties desire by this Indenture (such term and other capitalized terms used herein without definition being defined as provided in Article I), An indenture is a formal legal agreement. Many earned passage to the British colonies by indenturing, or selling, themselves to a master for a period of seven comparison with slavery. slavery. In slavery Indentured labour, one form of contract labour, was common in North America in colonial times. Its subjects were For the indentured immigrants, life on the estates was bound by the terms and conditions of the contract which they had signed; though most were illiterate in all