Noun | 1. | debenture - 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 |
2. | debenture - a certificate or voucher acknowledging a debt legal document, legal instrument, official document, instrument - (law) a document that states some contractual relationship or grants some right law, jurisprudence - the collection of rules imposed by authority; "civilization presupposes respect for the law"; "the great problem for jurisprudence to allow freedom while enforcing order" |