It is a contract that defines corporation and bondholders responsibilities and is designed to protect the right of the bondholders. A trustee (most often a commercial bank) is generally appointed to ensure that the obligations defined in the agreement are of trust indenture must e filled with SEC. What is it?

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A trust indenture is a legal document that outlines the responsibilities of the corporation and the bondholders, and it is designed to protect the rights of the bondholders. It is filed with the SEC and often involves a trustee to ensure compliance.

It Is a Contract That Defines Corporation and Bondholders Responsibilities