indenture (third-person singular simple present indentures, present participle indenturing, simple past and past participle indentured) To bind a person under such a contract. To indent; to make hollows, notches, or wrinkles in; to furrow. Though age may creep on, and indenture the brow. Derived terms . indenturedness; indentured servant; indentureship
The charge for the use of borrowed money. interest income. The income a person receives from certain bank accounts or from lending money to someone else. taxable interest income. Interest income that is subject to income tax. All interest income is taxable unless specifically excluded.
Definition. A calculation of a company's ability to meet its interest payments on outstanding debt. Interest coverage is equal to earnings before interest and taxes for a time period, often one year, divided by interest expenses for the same time period. The lower the interest coverage, the larger the debt burden is on the company.