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
Recent Examples of debenture from the Web
At the American School Hong Kong, a similar new student entering grades 7 or 8 will need to pay about $25,200, including the entry fee, plus either a recurring annual fee of $2,600 or a refundable debenture of $77,000.
A recent series of deals to sell illiquid securities from the central bank’s balance sheet to Wall Street banks has drawn the ire of the opposition, which is threatening to repudiate the debentures in any future government.
Ms. Sutton, the president of the teachers’ union in Greenwich, Conn., and her table full of educators weren’t quite equipped for the question about debentures.
These example sentences are selected automatically from various online news sources to reflect current usage of the word 'debenture'. Views expressed in the examples do not represent the opinion of Merriam-Webster or its editors. Send us feedback.
Additional Notes on debenture
Debentures are often convertible to stocks.
Origin and Etymology of debenture
Anglo-French debentour and Medieval Latin debentura, perhaps from Latin debentur they are owed
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