A written agreement between the issuer of a bond and his/ her bondholders, usually specifying interest rate, maturity date, convertibility, and other terms. Also called indenture.
Depending on the terms of the convertible bond, also known as the indenture, the bond could convert into a significant number of shares.
This is because any change to the bond's indenture or terms and conditions is "technically" a default, especially when it concerns the delayed payment of funds.
The indenture system offered huge profits to the masters of the vessels which dumped their human cargo on american shores
