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unsecured bond
(redirected from Unsecured Debenture)

   Also found in: Financial 0.01 sec.
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Noun1.unsecured bond - the ability of a customer to obtain goods or services before payment, based on the trust that payment will be made in the future
bond certificate, bond - a certificate of debt (usually interest-bearing or discounted) that is issued by a government or corporation in order to raise money; the issuer is required to pay a fixed sum annually until maturity and then a fixed sum to repay the principal
secured bond - a bond that is back by collateral


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uk Sun Life Financial Inc (TSX:SLF) has announced its plans to issue up to USD300m in senior unsecured debentures to be used for general corporate purposes, including investments in its subsidiaries.
NOTE 11 Supplemental Condensed Consolidating Financial Information On July 10, 2007, K2007GP issued C$100 million of 6% senior unsecured debentures unconditionally guaranteed by the Company ("KFSI") and Kingsway America Inc.
Initially, Millennium Cell said $6 million will be made available in the form of unsecured convertible debentures, with $4 million additional unsecured debentures available at the company's option.
 
 
 
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