[Verse 1] When corporations need to borrow cash They draft a contract thick as phone books past The bond indenture spells out every term Who gets what payments, how the money turns A trustee watches like a hawk above Making sure the issuer shows some love [Chorus] Indenture ink, the legal link Between the borrower and you Covenants tight, protect your right To payments coming through Affirmative yes, negative stress The rules that bind their hands Remember this when bonds exist The contract makes demands [Verse 2] Affirmative covenants make them swear To pay on time and keep their records bare File reports and maintain insurance clear Keep their credit rating crystal near While negative ones say what they can't do No extra debt without approving you [Chorus] Indenture ink, the legal link Between the borrower and you Covenants tight, protect your right To payments coming through Affirmative yes, negative stress The rules that bind their hands Remember this when bonds exist The contract makes demands [Bridge] Secured bonds grab collateral tight Unsecured trust the company's might Sinking funds build redemption pools Cross-default clause breaks borrowing rules If covenants crack, acceleration kicks Your money back through legal tricks [Final Chorus] Indenture ink, the legal link Between the borrower and you Covenants tight, protect your right To payments coming through Affirmative yes, negative stress The trustee guards your gold These binding laws with iron claws Keep promises controlled [Outro] Read the fine print, know your rights The indenture guides your investing nights
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