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TeachMeFinance.com - explain indenture indenture -- (1) the formal agreement between a group of bondholders and the bond issuer containing terms of the debt. (2) a deed, written contract, or sealed agreement. The term derives from an old practice of actually indenting the deed by cutting or tearing it in half with a jagged or indented edge so that the two parts could subsequently by matched by the grantor and the grantee. historic definition... Indenture -- A contract under seal. historic accounting definition (British)... Indenture -- An indenture is a deed under seal between two or more persons, and the name is derived from two Latin words in, and dens, a tooth. In former times a deed was written in two parts on one parchment, and then a division was made by dividing it with an indented or wavy line passing through a word, generally chirographum, which was written between the two parts of the deed. Each of the two parties to the deed received a part, and when at any time the two parts were brought together again, it showed that they were the correct documents when the indents agreed and the divided word was made whole. About the author Mark McCracken Author: Mark McCracken is a corporate trainer and author living in Higashi Osaka, Japan. He is the author of thousands of online articles as well as the Business English textbook, "25 Business Skills in English". Copyright © 2005 by Mark McCracken, All Rights Reserved. TeachMeFinance.com is an informational website, and should not be used as a substitute for professional financial or legal advice. TeachMeFinance.com and its owner recommend consultation with a professional financial advisor prior to any investment or financial decision. Please read our disclaimer.