indenture
C2CEFR level
80/100Rarity: very rare
TechnicalRegister
Law noun
A deed made between two or more parties, historically written in duplicate on a single sheet then cut along an indented edge.
The lease was drawn as an indenture between the landlord and the tenant of the first and second parts.
Business noun
The formal contract setting out the terms and protections governing a bond issue.
The trust indenture spelled out exactly how a default would be remedied.
Rarity runs from 0 (a word everyone knows) to 100 (almost never seen outside specialist or literary writing). Level is the word's real difficulty on the CEFR scale, from A1 to C2.
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