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  4. In the bond market , what is a Indenture ?

In the bond market , what is a Indenture ?

An indenture spells out the specific terms of a bond, as well as the rights and responsibilities of both the issuer of the security and the holder. Indenture is a agreement between the lender and borrower that details specific terms of the bond issuance. It specifies legal obligations of bond issuer and rights of bondholders.

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