Nolo's Plain-English Law Dictionary
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- 1) Generally, any written agreement between two parties. 2) A real estate deed in which two parties agree to continuing obligations; for example, one party may agree to maintain the property and the other to make periodic payments. 3) In finance, a written agreement that describes the borrowers' responsibility to the lenders in a bond or debenture issue and states the maturity date and the interest rate; also called a bond indenture.