Explain the following: Indenture.

Indentures are those deeds in which there are two or more parties. It refers to a legal and binding agreement, contract, or document between two or more parties. The term 'indenture' comes from the Medieval English - "It is a legal contract written in duplicate on the same sheet, with the copies separated by cutting along a jagged line so that the teeth of the two parts could later be refitted to confirm authenticity. Each party to the deed would then retain a part. When the agreement was made before a court of law a tripartite indenture was made, with the third piece kept at the court. The term is used for any kind of deed executed by more than one party, in contrast to a deed poll which is made by one individual. In the case of bonds, the indenture shows the pledge, promises, representations and covenants of the issuing party.