debenture

de·ben·ture

noun \di-ˈben-chər\

Definition of DEBENTURE

1

British : a corporate security other than an equity security : bond

2

: a bond backed by the general credit of the issuer rather than a specific lien on particular assets

Origin of DEBENTURE

Middle English debentur, from Latin, they are due, 3d plural present passive of debēre to owe — more at debt

First Known Use: 15th century

Other Economics Terms

actuary, compound interest, globalization, indemnity, portfolio, rentier, stagflation, usurer

Rhymes with DEBENTURE

adventure, backbencher, front-bencher, indenture