Debenture Definition
Contents
English
Wikipedia has an article on: DebentureEtymology
Originally debentur, from Latin debentur (“there are owing”), supposedly the first word of such a document in early times.
Pronunciation
Noun
debenture (plural debentures)
- A certificate that certifies an amount of money owed to someone; a certificate of indebtedness.
- (obsolete) A certificate of a loan made to the government; a government bond.
- 1942, Elliot Paul, The Last Time I Saw Paris, Sickle Moon 2001, p. 72:
- Madame Corre, who made the important decisions after her plodding husband had spent hours on the ledger, sold the family debentures and put the money into Dutch decurities.
- 1942, Elliot Paul, The Last Time I Saw Paris, Sickle Moon 2001, p. 72:
- (finance) A type of bond secured only by the general credit or promise to pay of the issuer, now commonly issued by large, well established corporations with adequate credit ratings.
Derived terms
- debenture bond
- debenture stock
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