§ 6544 Revenue Bond Indenture Definition

• •An 'indenture' is just a fancy word for the rules and details about selling special bonds.
• •These rules can be written in different ways, like an agreement or an official order.
• •This part of the law was changed in 1955.

Imagine your school wants to build a new playground but needs money.

The school writes down all the rules about how they will borrow the money and pay it back. This paper with all the rules is called an 'indenture'.