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debenture |
Also found in: Legal, Financial, Acronyms, Encyclopedia, Wikipedia, Hutchinson | 0.03 sec. |
debenture Noun a long-term bond, bearing fixed interest and usually unsecured, issued by a company or governmental agency [Latin debentur mihi there are owed to me] debentured adj debenture an interest-bearing bond, often issued by corporations, usually unsecured but sometimes with a preferred status over other obligations of the issuer. See also: Finance
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| Things were at this pitch when Bert bethought himself of creating a sort of debenture capital in the business for the benefit of Tom. |
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