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Related to debenture: Convertible debenture, secured debenture
1. A certificate or voucher acknowledging a debt.
2. An unsecured bond issued by a civil or governmental corporation or agency and backed only by the credit standing of the issuer.
3. A customhouse certificate providing for the payment of a drawback.
1. (Banking & Finance) Also called: debenture bond a long-term bond, bearing fixed interest and usually unsecured, issued by a company or governmental agency
2. (Banking & Finance) a certificate acknowledging the debt of a stated sum of money to a specified person
3. (Commerce) a customs certificate providing for a refund of excise or import duty
[C15: from Latin phrase dēbentur mihi there are owed to me, from dēbēre to owe]
a short-term, negotiable, interest-bearing note representing indebtedness.
[1425–75; late Middle English debentur < Latin dēbentur (mihi) there are owing (to me)]
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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|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|
|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