debenture

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noun de·ben·ture \di-ˈben-chər\

Definition of debenture

  1. 1 British :  a corporate security other than an equity security :  bond

  2. 2 :  a bond backed by the general credit of the issuer rather than a specific lien on particular assets

Origin and Etymology 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


Law Dictionary

debenture

play
noun de·ben·ture \di-ˈben-chər\

Legal Definition of debenture

  1. :  an unsecured bond that is backed by the issuer's general credit rather than a specific lien —called also debenture bond — see also indenture — compare mortgage bond at bond

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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