What does it mean to be indentured to someone?
To be indentured is to be forced to work by some contract. It started out as a word for a contract between masters and apprentices. Now it describes anyone bound to work, like it or not, because of some deal. Use the adjective indentured to describe someone who’s bound or attached in a legal sense.
What is indenture example?
The description of indenture is a written contract of agreement, especially one in which one party is bound to work for another for a given period of time. A contract wherein someone agrees to work for you for two years if you help him come to America is an example of indenture.
What does under indenture mean?
adjective. bound by or occurring under a written contract or formal agreement, especially to work for another: The five indentured electrical apprentices of the second-year class were sworn into the union on Thursday.
What is the purpose of an indenture?
An indenture is a legal and binding contract usually associated with bond agreements, real estate, or bankruptcy. An indenture provides detailed information on terms, clauses, and covenants.
What is Indentureship in the Caribbean?
Indentureship is an economic system that controls every aspect of your life, even social. Indentured labourers were brought into the Caribbean to provide a work force that would replace the African slaves.
What is another word for indentured?
In this page you can discover 6 synonyms, antonyms, idiomatic expressions, and related words for indentured, like: obligated, bound, enslaved, apprenticed, contracted and articled.
How do you use indenture in a sentence?
Indenture in a Sentence ?
- The attorney had his client sign the indenture before officially beginning work on his case.
- A copy of the trust indenture can be found in a file with the company’s other legal contracts.
Is an indenture the same as a mortgage?
(7) The term indenture means any mortgage, deed of trust, trust or other indenture, or similar instrument or agreement (including any supplement or amendment to any of the foregoing), under which securities are outstanding or are to be issued, whether or not any property, real or personal, is, or is to be, pledged, …
What is an indenture in history?
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 indentured servant status, and in modern usage, it is an instrument used for commercial debt or real estate transaction.
What does indenture mean in real estate?
1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments.
Is indentured servitude slavery?
Indentured servitude differed from slavery in that it was a form of debt bondage, meaning it was an agreed upon term of unpaid labor that usually paid off the costs of the servant’s immigration to America. Indentured servants were not paid wages but they were generally housed, clothed, and fed.
What is the difference between an indenture and a deed?
is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.
Is an indenture A security?
A trust indenture is a legal and binding contract that is created to protect the interests of bondholders. The trustee’s name and contact information is included in the document, which highlights the terms and conditions that the issuer, lender, and trustee must adhere to during the life of the bond.
What are bond indentures in finance?
A bond indenture is the contract associated with a bond. The terms of a bond indenture include a description of the bond features, restrictions placed on the issuer, and the actions that will be triggered if the issuer fails to make timely payments.
Is indentured servitude legal?
The 13th Amendment to the United States Constitution, which was passed after the Civil War, made indentured servitude illegal in the U.S. Today, it is banned in almost all countries.
What is the difference between slavery and indentureship?
Indentured labourers on arrival in the colonies were housed in the same living space vacated by the freed slaves and performed their exact tasks, he wrote. For all intents and purposes, indentureship was a clever euphemism for slavery since labour became a commodity to be bought and sold.
When did Indentureship end in Trinidad?
Indian indentureship finally came to an end on January 1st, 1920, meaning that all existing contracts were ended prematurely. All contracts for indentured Indians in all colonies, came to an end on this date and everyone was free to make their lives on their own.
How long did Indentureship last?
Indenture was for a period of five years (longer than British colonies at the time), return passage was provided at the end of indenture. (Not after ten as in British colonies) and Governor-General was empowered to suspend emigration to any French colony if any abuse was detected in the system.
What is the synonym of slavery?
servitude, thrall, thralldom. (or thraldom), yoke.
Is Enslavery a word?
How do you say indentured servants?
How do you use mercantilism in a sentence?
Mercantilism sentence example
- England developed many colonies under mercantilism in order to increase its trading territory. …
- The nation is attempting to sell more goods than they purchase, following the ecomonic policy of mercantilism . …
- Great Britain imposed a policy of mercantilism upon all of its colonies.
How do you use constitution in a sentence?
(1) No society can make a perpetual constitution, or even a perpetual law. (2) Britain has an unwritten constitution, and the United States has a written constitution. (3) The president agreed to amend the constitution and allow multi-party elections.
How do you use Jamestown in a sentence?
Jamestown was settled in 1810, was incorporated in 1827, and was chartered as a city in 1886. The expedition which settled Jamestown rounded this peninsula (April 26, 1607), opened its sealed instructions here, and named the peninsula Poynt Comfort, in recognition of the sheltered harbour.
How do you calculate bond indentures?
Usually you’ll find bond indentures and other related documents in the Exhibits of a 10-k, which are usually found at the bottom of the document.
What is registered mortgage and equitable mortgage?
Process: One of the key differences between the two processes is the making of the agreement itself. In an equitable mortgage you, the buyer of the property, have to buy a stamp paper. In a registered mortgage, you would need to approach the sub-registrar office for the same.
How many types of mortgages are there?
Mortgages are further classified as 1) Conventional mortgages 2) Jumbo mortgages 3) Government-insured mortgages 4) Fixed-rate mortgages 5) Adjustable-rate mortgages. Now, based on these, there are further loan type. Types of Mortgages in our country: Simple Mortgage.
Why did slavery replace indentured servants?
Slavery replaced indentured servitude in the colonies in the 1660s because purchasing slaves became more economical for planters. Life expectancy in the Chesapeake and Southern colonies had increased, which meant that indentured servants were living long enough to fulfill their terms of indenture.
What race were most indentured servants?
Many indentured servants in the British colonies were working-class white immigrants from the British Isles, including thousands of Irish people. Indentured servants were often treated horribly by their masters, many dying before they were set free. During their period of servitude, their treatment varied widely.
How many indentured servants died?
In the 17th century, the islands became known as death traps, as between 33 and 50 percent of indentured servants died before they were freed, many from yellow fever, malaria and other diseases.
Do indentured servants get paid?
No, indentured servants did not get paid. In exchange for their labor, they received nominal food and board.
What is an indenture trustee?
Related Content. A person that manages the relationship between an issuer and holders of the issuer’s securities, usually when those securities have features requiring more administrative involvement than in the case of equity securities such as, for example, debt obligations or warrants.
What is chattel slavery?
Chattel slavery means that one person has total ownership of another. There are two basic forms of chattel, domestic chattel, with menial household duties and productive chattel, working in the fields or mines.
What did female indentured servants do?
Indentured servants were men and women who signed a contract (also known as an indenture or a covenant) by which they agreed to work for a certain number of years in exchange for transportation to Virginia and, once they arrived, food, clothing, and shelter.
What came first indentured servants or slaves?
While slaves existed in the English colonies throughout the 1600s, indentured servitude was the method of choice employed by many planters before the 1680s. This system provided incentives for both the master and servant to increase the working population of the Chesapeake colonies.
What does indenture of Mortgage meaning?
Procedures English mortgage An English mortgage must be recorded in an indenture of mortgage, which must be: attested by at least two witnesses; and. registered with the relevant land registry where the mortgaged immovable property is situated, within the statutory prescribed period.
Is an indenture the same as a conveyance?
Indenture of Conveyance is effectively just an old fashioned alternative name for a conveyance. A Transfer Deed is the document by which the sale of a parcel of registered land is effected.
What is a Warrant indenture?
A warrant indenture between a corporate issuer and a warrant agent providing for the issuance of warrants. This Standard Document has integrated drafting notes with important explanations and drafting and negotiating tips.
Who uses bond indentures?
Bond Indenture. It is a common term used in the bond market to provide the lender and borrower with the necessary comfort in the transaction in the event of one defaulting party. read more is the legal contract document between the Bond Issuer and the bondholders.
A debenture is a type of debt instrument that is not backed by any collateral and usually has a term greater than 10 years. Debentures are backed only by the creditworthiness and reputation of the issuer. Both corporations and governments frequently issue debentures to raise capital or funds.
What is debenture issue?
A debenture is a marketable security (a type of investment) issued by a business or other organization to raise money for long-term activities and growth. It is a form of debt capital so it is accounted for as debt on the balance sheet of the issuing company.