单词 | debenture-stock |
释义 | > as lemmasdebenture-stock debenture-stock n. debentures consolidated into, or created in the form of, a stock, the nominal capital of which represents a debt of which only the interest is secured by a perpetual annuity. Π 1863 Act 26 & 27 Victoria c. 118 §24 The Interest on Debenture Stock shall have Priority of Payment over all Dividends or Interest on any Shares or Stock of the Company, whether Ordinary or Preference or guaranteed, and shall rank next to the Interest payable on the Mortgages or Bonds for the Time being of the Company. 1887 Pall Mall Gaz. 8 June 12/1 It is proposed to create £285,000 Six per cent. Debenture stock, or rather more than the existing debentures of the company. 1893 Midl. Rail. Circular Dec. 30 They all benefited..by consolidation into one uniform 3 per cent. Debenture Stock. < as lemmas |
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