Indenture Trustee
/ɪnˈdɛn.tʃər ˈtruː.sti/
Definitions
- (n.) A fiduciary appointed to act on behalf of bondholders or debenture holders under an indenture agreement.
The indenture trustee monitors the issuer's compliance with the bond covenants.
Forms
- indenture trustee
- indenture trustees
Related terms
See also
Commentary
The term specifically applies in the context of debt securities where the trustee protects purchasers' interests by enforcing terms of the indenture.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.