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An indenture typically refers to a formal legal agreement, contract, or document between two or more parties, particularly concerning a loan or the issuance of bonds.

When dealing with real estate investment, an indenture might outline the terms and conditions of a mortgage, bond issuance, or other debt instruments that an investment trust or company might use to finance the purchase or development of real estate properties. It would include details such as the interest rate, the repayment schedule, any collateral involved, covenants, and other legal terms and conditions that bind the parties to the agreement.

In a broader historical sense, the term indenture also refers to a contract binding one party into the service of another, such as an apprenticeship. However, within the modern context of real estate investment, it is most commonly associated with legal agreements regarding financial arrangements.