A debenture is a type of savings bond which offers a fixed rate of interest over a long period. Debentures are usually issued by a company or a governmentagency.
[business]
debenture in British English
(dɪˈbɛntʃə)
noun
1. Also called: debenture bond
a long-term bond, bearing fixed interest and usually unsecured, issued by a company or governmental agency
2.
a certificate acknowledging the debt of a stated sum of money to a specified person
3.
a customs certificate providing for a refund of excise or import duty
Derived forms
debentured (deˈbentured)
adjective
Word origin
C15: from Latin phrase dēbentur mihi there are owed to me, from dēbēre to owe
debenture in American English
(dɪˈbɛntʃər)
noun
1.
a voucher or certificate acknowledging that a debt is owed by the signer
2.
a customhouse order for payment of a drawback, as to an importer
3.
an interest-bearing bond issued against the general credit of a corporation or governmental unit, with no specific pledge of assets
Word origin
ME debentur < ML < L, 3d pers. pl., pres. pass. indic., of debere: see debt: so called from receipts beginning with the Latin words debentur mihi, there are owing to me
debenture in Finance
(dɪbɛntʃər)
Word forms: (regular plural) debentures
noun
(Finance: Investment)
A debenture is an unsecured corporate bond.
The subsidiary issues debentures overseas and invests the proceeds in foreign operations.
Unlike a mortgage bond, a debenture is generally not secured by a mortgage or lien on any specific property.
A debenture is an unsecured corporate bond.
In other languages
debenture
British English: debenture NOUN
A debenture is a type of savings bond issued by a company or government agency which offers a fixed rate of interest over a long period.
American English: debenture
Brazilian Portuguese: debênture
Chinese: 债券
European Spanish: obligación
French: obligation
German: Schuldschein
Italian: obbligazione
Japanese: 債券
Korean: 채권
European Portuguese: obrigação
Latin American Spanish: obligación
All related terms of 'debenture'
debenture bond
a long-term bond , bearing fixed interest and usually unsecured , issued by a company or governmental agency
debenture stock
stock that pays a fixed rate of interest at fixed intervals
debenture holder
a person or organization holds a debenture
perpetual debenture
a bond or debenture that can either never be redeemed or cannot be redeemed on demand