What do you mean by indentured?
What do you mean by indentured?
To be indentured is to be forced to work by some contract. It started out as a word for a contract between masters and apprentices. Now it describes anyone bound to work, like it or not, because of some deal. Use the adjective indentured to describe someone who’s bound or attached in a legal sense.
What does indenture mean in history?
Indenture refers to a legal and binding agreement, contract, or document between two or more parties. Historically, indenture has also referred to a contract binding one person to work for another for a set period of time (indentured servant), particularly European immigrants.
What is the meaning of indenture deed?
1. any deed, contract, or sealed agreement between two or more parties. 2. (formerly) a deed drawn up in duplicate, each part having correspondingly indented edges for identification and security.
Why is it called indentured?
The term comes from the medieval English “indenture of retainer” — a legal contract written in duplicate on the same sheet, with the copies separated by cutting along a jagged (toothed, hence the term “indenture”) line so that the teeth of the two parts could later be refitted to confirm authenticity (chirograph).
What is indenture example?
A contract wherein someone agrees to work for you for two years if you help him come to America is an example of indenture. When you give someone a loan in exchange for him signing a contract to work for you for a given period of time, this is an example of when you indenture him.
What is the best definition of indentured servant?
Indentured servitude refers to a contract between two individuals, in which one person worked not for money but to repay an indenture, or loan, within a set time period. However, indentured servants could be sold, loaned, or inherited, at least during the duration of their contract terms.
What’s the difference between slaves and indentured servants?
A slave is a person who is from Africa is enslaved and worked for people in the colonies. A indentured servant are people who agreed to work for a person in the colonies. Unlike slaves that were fed scraps. They`re both alike because they worked for a period of time.
Is indenture same as deed?
As nouns the difference between indenture and deed is that indenture is (legal) a contract which binds a person to work for another, under specified conditions, for a specified time (often as an apprentice) while deed is an action or act; something that is done.
Do indentured servants get paid?
No, indentured servants did not get paid. In exchange for their labor, they received nominal food and board.
How are slaves and indentured servants similar?
Indentured servants and slaves were treated in broadly similar ways. They were both brought to the New World in horrible conditions with many dying along the way. They were both subject to physical punishment from their masters. They both worked for no pay and with no control over their working lives.
Is bond a debt or equity?
For example, a stock is an equity security, while a bond is a debt security. When an investor buys a corporate bond, they are essentially loaning the corporation money, and have the right to be repaid the principal and interest on the bond.
What is an indenture document?
indenture – Legal Definition. A document such as a mortgage or deed of trust, which provides for security for a financial obligation, and which sets forth essential terms such as interest rate and due date or maturity date.
What does indentured servant mean?
indentured servant. A person under contract to work for another person for a definite period of time, usually without pay but in exchange for free passage to a new country.
What is the definition of indentured slave?
Indentured servants were men and women who signed a contract (also known as an indenture or a covenant) by which they agreed to work for a certain number of years in exchange for transportation to Virginia and, once they arrived, food, clothing, and shelter.