Indenture or Trust Indenture/Agreement
A contract between an issuer and a trustee under which the issuer issues bonds and specifies their maturities, interest rates, redemption provisions, form, exchange provisions, security and other terms.
bond-basics
Supplemental Indenture
A supplement to an outstanding Indenture, entered into pursuant to the terms of an outstanding Indenture and delivered in connection with the issuance of Additional Bonds, to cure an inconsistency or formal defect in the Indenture or to amend the Indenture in some manner. A Supplemental Indenture becomes part of the contract with the bondholders.
Get it in Writing
Learn more about the various documents involved in a municipal securities transaction.
See Also
Master (Trust) Indenture
A type of indenture which permits the issuance from time to time of one or more series of bonds under the same indenture in addition to the initial series of bonds.
Start with the Bond Basics
Hundreds of Terms and Concepts
Unlimited Tax General Obligation Bond (“UTGO”)
Type of general obligation bond secured by a promise to levy ad valorem property taxes, unlimited as to rate or amount, on all taxable property within the territorial limits of the issuer.