Definitions

1. noun

A formal document, especially in the 17th and 18th centuries, in which a person contracts to work for another person or organization in a particular place, usually for a period of years, in exchange for food, lodging, and other necessities, but often under harsh conditions.

“The indentured servants were treated poorly by their employer and were often forced to work long hours for minimal pay.”

2. verb

To sign or make an agreement, especially one that binds someone to work for another person or organization.

“The company will indenture the new employee to a five-year contract.”

3. noun

A clause or provision in a contract that allows for a change in the terms or conditions of the agreement.

“The indenture in the contract allowed the company to terminate the agreement with a month’s notice.”