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Simple English definitions for legal terms

trust indenture

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A quick definition of trust indenture:

A trust indenture is a legal document that outlines the terms and conditions of a bond or loan agreement between a borrower and a lender. It is like a contract that ensures the borrower will repay the loan and the lender will receive their money back with interest. The trust indenture is usually held by a third-party trustee who oversees the agreement and ensures that both parties follow the terms outlined in the document.

A more thorough explanation:

A trust indenture is a legal document that outlines the terms and conditions of a bond or debt agreement between a borrower and a lender. It is a type of indenture, which is a written agreement between two parties.

For example, a company may issue bonds to raise money for a new project. The trust indenture would specify the interest rate, repayment terms, and other details of the bond agreement. It would also establish a trustee, who would act as a neutral third party to ensure that the terms of the agreement are followed.

The purpose of a trust indenture is to protect the interests of both the borrower and the lender. By establishing clear terms and appointing a trustee to oversee the agreement, both parties can have confidence that the agreement will be honored.

trust-fund doctrine | Trust Indenture Act

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im distracting myself by schizo-scrolling r/lawschoolamissions and every conceivable data point on this godforsaken website
it is not working
Haaa I naturally want to do that too. I’m trying to stop. They need a surgeon general’s warning on this site for perspective law students
i spend more time on here then anything else trying to rationalize that the waves from last year will match waves for this year (they won't) and that the stats of people with the same stats are indicative of my own (they aren't)
There aren't many people in my stat range so I pretty much know every result in my range after being on here for a few years
9:28
congrats on the 172 bruce
go dawgs fr
9:29
roll tide
do we foresee a fordham election day wave today (i'm delusional)
WorthlessAttractiveZombie
9:31
I think so, Jack
9:31
some people hate him. some people love him, but he a real one: https://youtu.be/w5oEqiVQcF4?t=173
9:32
[kevin oleary]
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
worthless i trust you implicitly you know what it will happen now.
WorthlessAttractiveZombie
9:34
I mean if Fordham doesn't release today I will purposefully get on a train, go to new york, and then take the stinkiest shit inside the admission office's toilet (potentially clogging it and forcing them to get a plumber)
IS IT ONLY ON MY END WHY DID THAT SEND TEN MILLION TIMES
HELLO
WorthlessAttractiveZombie
9:35
it sent a million times lol
WHAT HAPPENED
yeah i thought you were tweaking for a second
i'm so sorry everyone what the actual fuck this website hates me
WorthlessAttractiveZombie
9:35
Jack's just tweaking on LSD no biggie
to be fair this accurately represents my mental state
election day psychosis coming in hot (fordham)
usc pls pull through .....
i literally just need one A so i can relax before my ED decision
WorthlessAttractiveZombie
9:38
oh that's right USC might release
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