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 bond in American English
noun
a corporate bond unsecured by any mortgage, dependent on the credit of the issuer
Word origin
[1865–70]This word is first recorded in the period 1865–70. Other words that entered Englishat around the same time include: batting average, dunk, figure skating, steamroller, tick-tack-toe
Examples of 'debenture bond' in a sentence
debenture bond
Most of the money goes to private individuals, pension funds and corporations holding debenture bonds.